Bristlecone Advisors LLC Has $928,000 Position in LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• Bristlecone Advisors LLC increased its stake in LyondellBasell Industries N.V. by 135.6% during the first quarter, owning 13,184 shares valued at approximately $928,000.
• The company's recent earnings report showed a decrease in EPS to $0.62, missing analyst expectations of $0.87, while revenue was reported at $7.66 billion.
• LyondellBasell has announced a quarterly dividend of $1.37, yielding 11.2%, with a payout ratio currently at 711.69%.

Bristlecone Advisors LLC lifted its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 135.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,184 shares of the specialty chemicals company's stock after buying an additional 7,588 shares during the quarter. Bristlecone Advisors LLC's holdings in LyondellBasell Industries were worth $928,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. National Bank of Canada FI lifted its holdings in LyondellBasell Industries by 149.5% in the 1st quarter. National Bank of Canada FI now owns 4,533 shares of the specialty chemicals company's stock worth $319,000 after purchasing an additional 2,716 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in LyondellBasell Industries in the 1st quarter worth approximately $420,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in LyondellBasell Industries by 13.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 475,818 shares of the specialty chemicals company's stock worth $33,498,000 after purchasing an additional 54,639 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in LyondellBasell Industries by 65.0% in the 1st quarter. Y.D. More Investments Ltd now owns 2,470 shares of the specialty chemicals company's stock worth $174,000 after purchasing an additional 973 shares during the last quarter. Finally, Keynote Financial Services LLC lifted its holdings in shares of LyondellBasell Industries by 7.9% during the first quarter. Keynote Financial Services LLC now owns 12,346 shares of the specialty chemicals company's stock worth $869,000 after buying an additional 905 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

LYB traded down $0.70 during trading on Monday, hitting $48.36. The stock had a trading volume of 6,568,158 shares, compared to its average volume of 5,315,565. The company has a 50 day moving average price of $59.46 and a 200-day moving average price of $64.25. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 62.80, a P/E/G ratio of 3.18 and a beta of 0.85. LyondellBasell Industries N.V. has a one year low of $47.55 and a one year high of $99.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

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 for the quarter, missing the consensus estimate of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. LyondellBasell Industries's revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.24 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th will be issued a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.3%. LyondellBasell Industries's payout ratio is 711.69%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. BMO Capital Markets cut their price target on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, UBS Group cut their target price on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $63.08.

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.