LyondellBasell Industries N.V. $LYB Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL significantly reduced its stake in LyondellBasell Industries by 77.5%, now holding approximately 14,980 shares worth $867,000 after selling over 51,000 shares in the second quarter.
• Several hedge funds, including GAMMA Investing LLC and Ritholtz Wealth Management, have increased their holdings in LyondellBasell Industries, with percentages rising as high as 58.3%.
• LyondellBasell's recent earnings report showed a missed EPS estimate of $0.62 compared to the expected $0.87, alongside an 11.8% decline in revenue year-over-year.

Blair William & Co. IL reduced its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 77.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,980 shares of the specialty chemicals company's stock after selling 51,703 shares during the period. Blair William & Co. IL's holdings in LyondellBasell Industries were worth $867,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LYB. GAMMA Investing LLC boosted its holdings in shares of LyondellBasell Industries by 56.7% in the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock valued at $212,000 after buying an additional 1,091 shares during the period. Ritholtz Wealth Management boosted its holdings in shares of LyondellBasell Industries by 58.3% in the 1st quarter. Ritholtz Wealth Management now owns 8,120 shares of the specialty chemicals company's stock valued at $572,000 after buying an additional 2,990 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of LyondellBasell Industries by 27.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,371 shares of the specialty chemicals company's stock valued at $97,000 after buying an additional 292 shares during the period. Inscription Capital LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $316,000. Finally, LifeWealth Investments LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $235,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 completion of the sale, the chief executive officer directly owned 160,351 shares of the company's stock, valued at $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on LYB. Citigroup decreased their price target on shares of LyondellBasell Industries from $53.00 to $49.00 and set a "neutral" rating for the company in a report on Thursday, October 2nd. Mizuho reduced their target price on shares of LyondellBasell Industries from $62.00 to $54.00 and set a "neutral" rating for the company in a research note on Friday, October 3rd. 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. 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. Finally, Zacks Research raised shares of LyondellBasell Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average target price of $59.44.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $45.83 on Friday. The company's fifty day moving average is $52.01 and its 200-day moving average is $56.55. LyondellBasell Industries N.V. has a 12 month low of $44.89 and a 12 month high of $92.63. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 59.52 and a beta of 0.87. 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 (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 firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate 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 period in the prior year, the company posted $2.24 earnings per share. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were issued a $1.37 dividend. 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 12.0%. LyondellBasell Industries's dividend payout ratio is 711.69%.

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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