GAMMA Investing LLC Acquires 6,142 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• GAMMA Investing LLC increased its holdings in LyondellBasell Industries by 203.7%, acquiring an additional 6,142 shares during the second quarter, bringing their total to 9,157 shares worth approximately $530,000.
• LyondellBasell's quarterly earnings report showed an EPS of $0.62, missing estimates by $0.25, with revenue of $7.66 billion which exceeded expectations of $7.58 billion.
• The company announced a quarterly dividend of $1.37 per share, representing an annualized yield of 11.2%, despite a high dividend payout ratio of 711.69%.

GAMMA Investing LLC raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 203.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,157 shares of the specialty chemicals company's stock after purchasing an additional 6,142 shares during the quarter. GAMMA Investing LLC's holdings in LyondellBasell Industries were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Rossby Financial LCC bought a new position in LyondellBasell Industries during the first quarter valued at $25,000. JFS Wealth Advisors LLC lifted its position in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Investment Management Corp VA ADV lifted its position in LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 261 shares during the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at $42,000. Finally, VSM Wealth Advisory LLC raised its stake in shares of LyondellBasell Industries by 200.0% in the first quarter. VSM Wealth Advisory LLC now owns 600 shares of the specialty chemicals company's stock valued at $42,000 after acquiring an additional 400 shares during the period. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 4.7%

LYB stock opened at $48.97 on Friday. The company has a market capitalization of $15.75 billion, a PE ratio of 63.60 and a beta of 0.85. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $97.60. The firm's 50-day moving average is $55.25 and its 200 day moving average is $59.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.2%. LyondellBasell Industries's dividend payout ratio (DPR) is 711.69%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho increased their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Argus downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. BMO Capital Markets reduced their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Rothschild & Co Redburn reduced their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. Finally, Evercore ISI reduced their target price on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $64.00.

Insider Buying and Selling

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

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.

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