XTX Topco Ltd Buys 4,743 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• XTX Topco Ltd increased its holdings in LyondellBasell Industries N.V. by 18.3%, owning a total of 30,705 shares valued at approximately $2.16 million.
• LyondellBasell recently declared a quarterly dividend of $1.37, raising its annualized dividend yield to 9.30%, up from a previous dividend of $1.34.
• Analysts have cut their price targets for LyondellBasell, with the new consensus target at $66.00, reflecting a cautious outlook on the stock.

XTX Topco Ltd boosted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 18.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,705 shares of the specialty chemicals company's stock after buying an additional 4,743 shares during the quarter. XTX Topco Ltd's holdings in LyondellBasell Industries were worth $2,162,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LYB. Pacer Advisors Inc. boosted its position 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 valued at $141,893,000 after purchasing an additional 1,959,576 shares during the period. Ensign Peak Advisors Inc boosted its position 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 acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $81,015,000. Dodge & Cox boosted its position in shares of 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 purchasing an additional 851,365 shares during the period. Finally, Wellington Management Group LLP boosted its position in shares of 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 purchasing an additional 757,612 shares during the period. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 7.8%

Shares of LYB traded down $4.52 during midday trading on Friday, reaching $53.41. 10,553,832 shares of the stock were exchanged, compared to its average volume of 3,901,283. LyondellBasell Industries N.V. has a 12-month low of $51.11 and a 12-month high of $99.36. The firm has a 50 day simple moving average of $60.13 and a 200-day simple moving average of $65.35. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. The company has a market cap of $17.17 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 3.39 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 for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $7.58 billion. During the same period last year, the business earned $2.24 earnings per share. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. Research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is 169.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LYB. Barclays decreased their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company raised their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Finally, UBS Group decreased their price objective on LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating for the company in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $66.00.

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.