Petrus Trust Company LTA Decreases Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Petrus Trust Company LTA reduced its position in LyondellBasell Industries by 58.7%, now owning 3,572 shares valued at $251,000.
• Multiple hedge funds are actively trading LyondellBasell stock, with 71.20% of shares held by institutional investors.
• LyondellBasell's quarterly earnings missed consensus estimates, reporting $0.62 EPS compared to an expected $0.87, indicating a year-over-year revenue decline of 11.8%.

Petrus Trust Company LTA trimmed its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 58.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,572 shares of the specialty chemicals company's stock after selling 5,080 shares during the period. Petrus Trust Company LTA's holdings in LyondellBasell Industries were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rossby Financial LCC acquired a new stake in LyondellBasell Industries during the 1st quarter worth about $25,000. JFS Wealth Advisors LLC lifted its stake in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after buying an additional 310 shares in the last quarter. Investment Management Corp VA ADV lifted its stake in 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 valued at $29,000 after buying an additional 261 shares in the last quarter. Lazard Asset Management LLC lifted its stake in LyondellBasell Industries by 84.9% in 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, TruNorth Capital Management LLC purchased a new position in LyondellBasell Industries in the 1st quarter valued at about $42,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LYB. Citigroup decreased their price target on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Bank Of America (Bofa) decreased their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Wells Fargo & Company cut 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. Finally, Mizuho raised their price target on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $63.08.

LyondellBasell Industries Trading Down 0.5%

Shares of NYSE LYB traded down $0.27 during trading on Friday, reaching $55.20. The stock had a trading volume of 4,852,376 shares, compared to its average volume of 3,892,281. LyondellBasell Industries N.V. has a fifty-two week low of $47.55 and a fifty-two week high of $97.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The business's 50-day moving average price is $57.50 and its 200-day moving average price is $60.72. The company has a market cap of $17.76 billion, a P/E ratio of 71.69 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The firm 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%. The company's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 earnings per share. On average, equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 9.9%. LyondellBasell Industries's payout ratio is 711.69%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business'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 owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

About LyondellBasell Industries

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.