Register Financial Advisors LLC Invests $872,000 in LyondellBasell Industries N.V. $LYB

Key Points

• Register Financial Advisors LLC has made a significant investment of $872,000 in LyondellBasell Industries, acquiring 15,071 shares of the company in the second quarter.
• LyondellBasell reported a quarterly earnings miss with earnings per share (EPS) of $0.62, falling short of the expected $0.87, and a revenue decrease of 11.8% compared to the previous year.
• The company recently declared a quarterly dividend of $1.37 per share, yielding 11.2%, despite a high dividend payout ratio of 711.69%.

Register Financial Advisors LLC purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,071 shares of the specialty chemicals company's stock, valued at approximately $872,000.

A number of other institutional investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. lifted its holdings in LyondellBasell Industries by 3,502.2% during 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 in the last quarter. HighTower Advisors LLC lifted its holdings in LyondellBasell Industries by 137.9% during 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 7.7% during 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 in the last quarter. Nuveen LLC purchased a new stake in LyondellBasell Industries during the 1st quarter worth about $43,280,000. Finally, Invesco Ltd. lifted its holdings in LyondellBasell Industries by 10.4% during the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock worth $452,852,000 after purchasing an additional 606,234 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

LYB opened at $48.97 on Friday. The stock's 50 day simple moving average is $55.25 and its 200 day simple moving average is $59.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $97.60. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 63.60 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the business earned $2.24 earnings per share. LyondellBasell Industries's revenue was down 11.8% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 11.2%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LYB shares. UBS Group dropped their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a report on Thursday, August 7th. Rothschild & Co Redburn lowered their price target on LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, August 4th. BMO Capital Markets lowered their price target on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. Finally, Citigroup lowered their price target on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $64.00.

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.

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