Gotham Asset Management LLC Has $28.27 Million Position in LyondellBasell Industries N.V. $LYB

Key Points

• Gotham Asset Management LLC increased its stake in LyondellBasell Industries by 78.8%, acquiring an additional 176,979 shares, bringing its total holdings to 401,488 shares worth approximately $28.27 million.
• Analyst ratings for LyondellBasell Industries reflect a mixed outlook, with the stock currently holding an average rating of "Hold" and a target price of $63.08, while some analysts have downgraded their price targets.
• The company recently paid a quarterly dividend of $1.37 per share, representing an annualized dividend yield of 10.1%, although its payout ratio is notably high at 711.69%.

Gotham Asset Management LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 78.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,488 shares of the specialty chemicals company's stock after acquiring an additional 176,979 shares during the period. LyondellBasell Industries makes up 0.2% of Gotham Asset Management LLC's portfolio, making the stock its 28th biggest holding. Gotham Asset Management LLC owned approximately 0.12% of LyondellBasell Industries worth $28,265,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYB. Rossby Financial LCC bought a new stake in LyondellBasell Industries during the first quarter valued at about $25,000. JFS Wealth Advisors LLC boosted its holdings 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 acquiring an additional 310 shares during the period. Investment Management Corp VA ADV lifted its stake in shares of LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 261 shares during the period. Lazard Asset Management LLC lifted its stake in shares of LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after buying an additional 214 shares during the period. Finally, TruNorth Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $42,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LYB traded down $0.22 during midday trading on Tuesday, reaching $54.41. 3,562,366 shares of the company's stock were exchanged, compared to its average volume of 3,926,218. The firm has a market capitalization of $17.50 billion, a price-to-earnings ratio of 70.66 and a beta of 0.85. 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 one year low of $47.55 and a one year high of $97.60. The business has a 50-day simple moving average of $57.93 and a two-hundred day simple moving average of $60.96.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.24 EPS. As a group, research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 10.1%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LYB shares. Royal Bank Of Canada reduced their target price 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. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. 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. Bank Of America (Bofa) reduced their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Finally, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $63.08.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company's stock.

About LyondellBasell Industries

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.