Entropy Technologies LP Has $2.61 Million Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• Entropy Technologies LP has increased its stake in LyondellBasell Industries N.V. by 30%, holding a total of 37,088 shares valued at approximately $2.6 million as of the end of the first quarter.
• LyondellBasell reported a net margin of 0.74% and earnings of $0.62 per share for the latest quarter, missing analysts' expectations.
• The company announced a quarterly dividend of $1.37 per share, providing an annualized yield of 11.2%, with a high dividend payout ratio of 711.69%.

Entropy Technologies LP grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 30.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,088 shares of the specialty chemicals company's stock after acquiring an additional 8,563 shares during the period. Entropy Technologies LP's holdings in LyondellBasell Industries were worth $2,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rossby Financial LCC bought a new position in shares of LyondellBasell Industries in the first quarter worth about $25,000. JFS Wealth Advisors LLC lifted its stake in shares of LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 310 shares in the last quarter. Investment Management Corp VA ADV increased its stake in LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 261 shares in the last quarter. Lazard Asset Management LLC raised its holdings in LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares during the period. Finally, Covestor Ltd lifted its position in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on LYB shares. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Mizuho boosted their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 5th. Finally, The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $63.08.

LyondellBasell Industries Stock Performance

NYSE LYB traded up $0.46 during trading on Thursday, hitting $53.39. The company's stock had a trading volume of 4,023,459 shares, compared to its average volume of 3,918,816. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 52 week low of $47.55 and a 52 week high of $99.36. The firm has a 50 day moving average price of $59.16 and a 200 day moving average price of $63.88. The firm has a market cap of $17.17 billion, a P/E ratio of 69.33, a price-to-earnings-growth ratio of 3.26 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 earnings per share. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th will be paid a $1.37 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.3%. LyondellBasell Industries's dividend payout ratio is 711.69%.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.