Pacer Advisors Inc. Has $141.89 Million Stock Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• Pacer Advisors Inc. increased its stake in LyondellBasell Industries by 3,502.2% during Q1, now holding approximately 2,015,528 shares valued at about $141.89 million.
• LyondellBasell Industries reported a loss in quarterly earnings with $0.33 EPS, missing analysts' estimates of $0.36, and experiencing a 7.6% decline in year-over-year revenue.
• The company announced a quarterly dividend of $1.37 per share, reflecting a dividend yield of 9.01% and an increase from the previous dividend of $1.34.

Pacer Advisors Inc. boosted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 3,502.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,015,528 shares of the specialty chemicals company's stock after buying an additional 1,959,576 shares during the period. Pacer Advisors Inc. owned approximately 0.63% of LyondellBasell Industries worth $141,893,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LYB. Ensign Peak Advisors Inc raised its stake 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 valued at $167,448,000 after purchasing an additional 1,522,043 shares during the period. Norges Bank bought a new position in shares of LyondellBasell Industries during the fourth quarter worth about $81,015,000. Dodge & Cox raised its position in LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after buying an additional 851,365 shares during the last quarter. Wellington Management Group LLP lifted its stake in LyondellBasell Industries by 35.9% in the 4th quarter. Wellington Management Group LLP now owns 2,870,666 shares of the specialty chemicals company's stock valued at $213,204,000 after acquiring an additional 757,612 shares in the last quarter. Finally, Invesco Ltd. boosted its position in LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after acquiring an additional 694,055 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 9.5%

LyondellBasell Industries stock opened at $60.82 on Friday. The firm has a market capitalization of $19.55 billion, a price-to-earnings ratio of 18.77, a P/E/G ratio of 3.78 and a beta of 0.82. The firm has a 50 day simple moving average of $59.86 and a 200 day simple moving average of $65.92. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. During the same quarter last year, the business posted $1.53 EPS. The company's quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is currently 169.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on LYB. Bank Of America (Bofa) decreased their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Royal Bank Of Canada lifted their price objective on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 3rd. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $70.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Mizuho increased their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Finally, Piper Sandler dropped their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $66.00.

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.

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