Natixis Advisors LLC Acquires 5,571 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• Natixis Advisors LLC increased its holdings in LyondellBasell Industries by 9.3%, owning 65,457 shares valued at approximately $4.6 million as of the latest reporting period.
• LyondellBasell Industries reported earnings per share of $0.62 for the last quarter, which fell short of the consensus estimate of $0.87, while its revenue was $7.66 billion, slightly exceeding expectations.
• The company announced a quarterly dividend of $1.37, providing an annualized yield of 10.5%, although its dividend payout ratio is notably high at 711.69%.

Natixis Advisors LLC boosted its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,457 shares of the specialty chemicals company's stock after acquiring an additional 5,571 shares during the quarter. Natixis Advisors LLC's holdings in LyondellBasell Industries were worth $4,608,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. Rossby Financial LCC purchased a new stake in LyondellBasell Industries in the 1st quarter worth approximately $25,000. JFS Wealth Advisors LLC raised its position in shares of LyondellBasell Industries by 352.3% in the 1st 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 shares of LyondellBasell Industries by 177.6% in the 1st 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. Lazard Asset Management LLC increased its position in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after buying an additional 214 shares in the last quarter. Finally, Covestor Ltd increased its position in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 284 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Wells Fargo & Company cut their target price on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their target price 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. Barclays cut their target price on 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. Mizuho increased their target price on 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 cut their target price on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.08.

LyondellBasell Industries Stock Performance

NYSE LYB traded down $1.13 on Friday, hitting $49.04. 3,648,130 shares of the company traded hands, compared to its average volume of 5,260,149. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 63.69, a P/E/G ratio of 3.25 and a beta of 0.85. 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 business's 50 day moving average price is $59.46 and its 200-day moving average price is $64.43. LyondellBasell Industries N.V. has a 52-week low of $48.90 and a 52-week high of $99.36.

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 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 analysts' expectations 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 for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.24 earnings per share. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 25th will be given a dividend of $1.37 per share. The ex-dividend date is Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.2%. LyondellBasell Industries's 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.