Jump Financial LLC Buys 5,627 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Jump Financial LLC increased its stake in LyondellBasell Industries by 59% during Q1, holding 15,167 shares valued at approximately $1.07 million.
• Multiple institutional investors, including Pacer Advisors Inc. and Ensign Peak Advisors Inc., significantly boosted their investments in LyondellBasell, highlighting growing institutional interest, with over 71% of the company's stock being held by institutional investors.
• LyondellBasell announced a quarterly dividend of $1.37 per share, reflecting a 9.7% yield, despite reporting a decrease in EPS and revenue compared to the previous year.

Jump Financial LLC increased its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 59.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,167 shares of the specialty chemicals company's stock after purchasing an additional 5,627 shares during the period. Jump Financial LLC's holdings in LyondellBasell Industries were worth $1,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cadence Bank raised its stake in shares of LyondellBasell Industries by 0.4% during the 1st quarter. Cadence Bank now owns 82,740 shares of the specialty chemicals company's stock worth $5,825,000 after purchasing an additional 357 shares in the last quarter. RBO & Co. LLC raised its stake in shares of LyondellBasell Industries by 14.2% during the 1st quarter. RBO & Co. LLC now owns 33,935 shares of the specialty chemicals company's stock worth $2,389,000 after purchasing an additional 4,217 shares in the last quarter. Bahl & Gaynor Inc. raised its stake in shares of LyondellBasell Industries by 4.8% during the 1st quarter. Bahl & Gaynor Inc. now owns 18,938 shares of the specialty chemicals company's stock worth $1,333,000 after purchasing an additional 872 shares in the last quarter. Haverford Trust Co bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $8,610,000. Finally, Kestra Advisory Services LLC raised its stake in shares of LyondellBasell Industries by 12.5% during the 1st quarter. Kestra Advisory Services LLC now owns 15,101 shares of the specialty chemicals company's stock worth $1,063,000 after purchasing an additional 1,680 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LYB shares. BMO Capital Markets dropped their price objective on 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. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Royal Bank Of Canada dropped their price target on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Citigroup dropped their price target on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Finally, UBS Group dropped their price target on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $63.08.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $1.65 on Wednesday, hitting $54.19. The company's stock had a trading volume of 2,532,272 shares, compared to its average volume of 3,911,892. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The stock's 50 day moving average is $58.22 and its 200-day moving average is $61.71. LyondellBasell Industries N.V. has a fifty-two week low of $47.55 and a fifty-two week high of $97.60. The company has a market capitalization of $17.43 billion, a PE ratio of 70.36 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results 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%.The business's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the company posted $2.24 earnings per share. Equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced 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. This represents a $5.48 annualized dividend and a dividend yield of 10.1%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries's dividend payout ratio is 711.69%.

Insider Activity

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly owned 160,351 shares of the company's stock, valued at $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 available through this link. 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.