Northern Trust Corp Has $179.44 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Northern Trust Corp reduced its stake in LyondellBasell Industries by 6.5%, selling 177,449 shares, and now holds a total of 2,548,797 shares valued at approximately $179.4 million.
• LyondellBasell reported a miss in earnings for the last quarter, with $0.62 EPS compared to analysts' expectations of $0.87, and observed an 11.8% decline in revenue year-over-year.
• The company recently announced a quarterly dividend of $1.37 per share, representing a yield of 9.9%, with a notably high dividend payout ratio of 711.69%.

Northern Trust Corp trimmed its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 6.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,548,797 shares of the specialty chemicals company's stock after selling 177,449 shares during the period. Northern Trust Corp owned 0.79% of LyondellBasell Industries worth $179,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC acquired a new position in shares of LyondellBasell Industries in the first quarter worth $473,000. Windward Capital Management Co. CA boosted its holdings in LyondellBasell Industries by 1.0% in the first quarter. Windward Capital Management Co. CA now owns 30,577 shares of the specialty chemicals company's stock worth $2,153,000 after purchasing an additional 297 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in LyondellBasell Industries by 20.0% in the first quarter. Raymond James Financial Inc. now owns 1,116,472 shares of the specialty chemicals company's stock worth $78,600,000 after purchasing an additional 185,887 shares in the last quarter. Cresset Asset Management LLC boosted its holdings in LyondellBasell Industries by 17.1% in the first quarter. Cresset Asset Management LLC now owns 12,601 shares of the specialty chemicals company's stock worth $887,000 after purchasing an additional 1,842 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its holdings in LyondellBasell Industries by 21.5% in the first quarter. Alliance Wealth Advisors LLC UT now owns 4,385 shares of the specialty chemicals company's stock worth $309,000 after purchasing an additional 777 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction dated 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 owned 160,351 shares of the company's stock, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

Shares of LYB traded up $3.2460 during trading hours on Friday, reaching $58.7160. 7,920,792 shares of the company traded hands, compared to its average volume of 5,677,768. The stock's fifty day moving average is $58.57 and its 200 day moving average is $62.69. The stock has a market cap of $18.89 billion, a P/E ratio of 76.26 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a 1-year low of $47.55 and a 1-year high of $99.36.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 0.74% and a return on equity of 9.35%. The firm'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 EPS. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared 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. This represents a $5.48 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Monday, August 25th. LyondellBasell Industries's dividend payout ratio is 711.69%.

Analyst Ratings Changes

LYB has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, August 4th. Citigroup decreased their price target on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, August 4th. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. Finally, UBS Group decreased their price target on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $63.08.

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.