Measured Risk Portfolios Inc. Boosts Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Measured Risk Portfolios Inc. has increased its stake in LyondellBasell Industries N.V. by 17.5%, now holding 34,677 shares worth approximately $2.44 million.
• LyondellBasell reported $0.62 EPS for its latest quarter, falling short of analyst expectations of $0.87, while revenues decreased by 11.8% year-over-year.
• The company announced a quarterly dividend of $1.37, translating to an annual yield of 10.3%, with a significant payout ratio of 711.69%.

Measured Risk Portfolios Inc. grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,677 shares of the specialty chemicals company's stock after buying an additional 5,155 shares during the quarter. LyondellBasell Industries accounts for approximately 2.6% of Measured Risk Portfolios Inc.'s investment portfolio, making the stock its 11th biggest holding. Measured Risk Portfolios Inc.'s holdings in LyondellBasell Industries were worth $2,441,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. raised its holdings in shares of LyondellBasell Industries by 3,502.2% in the 1st quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company's stock worth $141,893,000 after purchasing an additional 1,959,576 shares during the period. Ensign Peak Advisors Inc raised its holdings in shares of LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock worth $167,448,000 after purchasing an additional 1,522,043 shares during the period. HighTower Advisors LLC raised its holdings in shares of LyondellBasell Industries by 137.9% in the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company's stock worth $123,907,000 after purchasing an additional 1,020,169 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company's stock worth $650,465,000 after purchasing an additional 657,443 shares during the period. Finally, Nuveen LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $43,280,000. Institutional investors own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company's 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 transaction, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on LYB. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Mizuho lifted their price objective on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Bank Of America (Bofa) reduced their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus price target of $63.08.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded up $0.07 during trading on Friday, hitting $53.38. The stock had a trading volume of 2,660,229 shares, compared to its average volume of 5,888,931. The firm has a market cap of $17.17 billion, a price-to-earnings ratio of 69.33 and a beta of 0.85. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $99.36. The business's 50-day moving average is $59.05 and its 200 day moving average is $63.34. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly 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). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the company posted $2.24 EPS. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 $1.37 dividend. The ex-dividend date is Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 10.3%. LyondellBasell Industries's payout ratio is 711.69%.

LyondellBasell Industries Company 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.