Fox Run Management L.L.C. Makes New $415,000 Investment in LyondellBasell Industries N.V. $LYB

Key Points

• Fox Run Management L.L.C. has invested approximately $415,000 in LyondellBasell Industries, acquiring 5,890 shares during the first quarter.
• Analysts have recently lowered price targets for LyondellBasell Industries, with JPMorgan cutting its target from $60.00 to $52.00, and UBS reducing its target from $49.00 to $44.00, with a prevailing average rating of "Hold."
• The company reported $0.62 EPS for the quarter, missing estimates, and also announced a quarterly dividend of $1.37 per share, reflecting a 10.3% yield.

Fox Run Management L.L.C. bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 5,890 shares of the specialty chemicals company's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LYB. Pacer Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 3,502.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company's stock worth $141,893,000 after acquiring an additional 1,959,576 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock worth $167,448,000 after purchasing an additional 1,522,043 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of LyondellBasell Industries by 137.9% in the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company's stock worth $123,907,000 after purchasing an additional 1,020,169 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company's stock worth $650,465,000 after purchasing an additional 657,443 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $43,280,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $3.2460 during midday trading on Friday, hitting $58.7160. 7,920,792 shares of the stock traded hands, compared to its average volume of 5,568,035. The firm has a 50-day moving average of $58.57 and a two-hundred day moving average of $62.79. The firm has a market capitalization of $18.89 billion, a P/E ratio of 76.26 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a one year low of $47.55 and a one year high of $99.36.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed 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. This represents a $5.48 annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Monday, August 25th. LyondellBasell Industries's dividend payout ratio is 711.69%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LYB. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Bank Of America (Bofa) lowered their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. BMO Capital Markets lowered their price objective on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Finally, UBS Group lowered their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $63.08.

Insider Activity at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Company 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.