Haverford Trust Co Makes New Investment in LyondellBasell Industries N.V. $LYB

Key Points

• Haverford Trust Co has made a new investment in LyondellBasell Industries, purchasing 122,298 shares valued at approximately $8.61 million during the first quarter.
• Despite a revenue of $7.66 billion in its latest quarter, LyondellBasell reported an EPS of $0.62, missing analyst expectations of $0.87 by $0.25.
• The company announced a quarterly dividend of $1.37 per share, equating to an annualized yield of 9.3%, amidst a significant dividend payout ratio of 711.69%.

Haverford Trust Co acquired a new position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,298 shares of the specialty chemicals company's stock, valued at approximately $8,610,000.

A number of other large investors have also recently bought and sold shares of the business. Vident Advisory LLC raised its position in LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock worth $1,197,000 after purchasing an additional 131 shares in the last quarter. NewSquare Capital LLC grew its stake in LyondellBasell Industries by 0.3% during the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock worth $4,932,000 after buying an additional 193 shares during the last quarter. Forza Wealth Management LLC grew its stake in LyondellBasell Industries by 1.6% during the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company's stock worth $894,000 after buying an additional 200 shares during the last quarter. TCW Group Inc. grew its stake in LyondellBasell Industries by 1.1% during the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company's stock worth $1,297,000 after buying an additional 202 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in LyondellBasell Industries by 2.5% during the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company's stock worth $584,000 after buying an additional 202 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Down 1.3%

LYB stock traded down $0.72 during midday trading on Thursday, reaching $55.56. The company's stock had a trading volume of 1,554,555 shares, compared to its average volume of 3,906,705. LyondellBasell Industries N.V. has a 52 week low of $47.55 and a 52 week high of $99.02. The stock has a market cap of $17.87 billion, a PE ratio of 72.02 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. The business's 50-day simple moving average is $58.38 and its 200-day simple moving average is $62.36.

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

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders 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 yield of 9.9%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Barclays decreased their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Bank Of America (Bofa) decreased their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Citigroup decreased their price objective on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Mizuho increased their price target 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. Finally, BMO Capital Markets decreased their price target 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. One equities research 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of "Hold" and a consensus price target of $63.08.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

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.