LyondellBasell Industries N.V. $LYB Holdings Raised by Cascade Investment Group Inc.

Key Points

• Cascade Investment Group Inc. increased its stake in LyondellBasell Industries by 204.7% during the second quarter, owning 17,196 shares worth approximately $995,000 by the end of the reporting period.
• LyondellBasell reported $0.62 EPS for the latest quarter, falling short of estimates by ($0.25), while its revenue of $7.66 billion exceeded analyst estimates.
• The company's quarterly dividend was announced at $1.37 per share, representing an annualized yield of 11.5% and a payout ratio of 711.69%.

Cascade Investment Group Inc. lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 204.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,196 shares of the specialty chemicals company's stock after purchasing an additional 11,553 shares during the quarter. Cascade Investment Group Inc.'s holdings in LyondellBasell Industries were worth $995,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of LYB. Rossby Financial LCC bought a new stake in shares of LyondellBasell Industries during the first quarter valued at about $25,000. JFS Wealth Advisors LLC raised its position in LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 310 shares in the last quarter. Investment Management Corp VA ADV raised its position in 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 worth $29,000 after acquiring an additional 261 shares in the last quarter. Hilltop National Bank bought a new stake in LyondellBasell Industries in the second quarter worth about $29,000. Finally, Brown Lisle Cummings Inc. raised its position in LyondellBasell Industries by 55.2% in the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company's stock worth $35,000 after acquiring an additional 213 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB opened at $47.71 on Friday. The stock's 50-day moving average price is $52.52 and its two-hundred day moving average price is $57.39. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a market cap of $15.34 billion, a PE ratio of 61.96 and a beta of 0.87. LyondellBasell Industries N.V. has a 1 year low of $47.31 and a 1 year high of $95.27.

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 (EPS) for the quarter, missing the consensus estimate 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 return on equity of 9.35% and a net margin of 0.74%.LyondellBasell Industries's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.24 EPS. On average, analysts predict 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 paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries's payout ratio is 711.69%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction dated Friday, August 15th. The stock was 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 $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LYB has been the topic of several research reports. BMO Capital Markets dropped 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 report on Wednesday, August 6th. Bank Of America (Bofa) dropped their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Evercore ISI dropped their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a research report on Tuesday, September 23rd. Royal Bank Of Canada dropped their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Finally, Wells Fargo & Company dropped 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 report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $60.07.

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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