Rothschild Investment Corp IL reduced its stake in LyondellBasell Industries (NYSE:LYB – Free Report) by 8.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,414 shares of the specialty chemicals company’s stock after selling 2,604 shares during the period. Rothschild Investment Corp IL’s holdings in LyondellBasell Industries were worth $2,574,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Community Bank N.A. purchased a new stake in LyondellBasell Industries in the 1st quarter valued at about $28,000. Compass Wealth Management LLC purchased a new stake in LyondellBasell Industries in the 4th quarter valued at about $25,000. Massmutual Trust Co. FSB ADV raised its holdings in LyondellBasell Industries by 109.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 363 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 190 shares during the period. Kistler Tiffany Companies LLC purchased a new stake in LyondellBasell Industries in the 4th quarter valued at about $31,000. Finally, US Asset Management LLC purchased a new stake in LyondellBasell Industries in the 4th quarter valued at about $33,000. 70.58% of the stock is currently owned by hedge funds and other institutional investors.
LyondellBasell Industries Stock Performance
Shares of LYB stock traded down $1.79 during trading hours on Thursday, hitting $88.29. The stock had a trading volume of 334,518 shares, compared to its average volume of 1,981,412. The firm has a market capitalization of $28.72 billion, a PE ratio of 9.53, a PEG ratio of 1.28 and a beta of 1.21. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $101.30. The stock’s 50 day moving average is $90.14 and its 200 day moving average is $91.47. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.85 and a quick ratio of 1.05.
LyondellBasell Industries (NYSE:LYB – Free Report) last posted its quarterly earnings data on Friday, April 28th. The specialty chemicals company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.70. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.80 billion. LyondellBasell Industries had a return on equity of 28.95% and a net margin of 6.40%. The company’s revenue was down 22.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.00 earnings per share. As a group, research analysts forecast that LyondellBasell Industries will post 9.07 earnings per share for the current fiscal year.
LyondellBasell Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 30th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 5.66%. The ex-dividend date was Friday, May 26th. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.19. LyondellBasell Industries’s dividend payout ratio is 54.11%.
Analyst Ratings Changes
LYB has been the topic of a number of recent research reports. StockNews.com initiated coverage on shares of LyondellBasell Industries in a research note on Thursday, May 18th. They set a “hold” rating on the stock. KeyCorp cut their price target on shares of LyondellBasell Industries from $84.00 to $81.00 in a research note on Friday, June 16th. Citigroup assumed coverage on shares of LyondellBasell Industries in a research note on Tuesday, June 13th. They set a “neutral” rating and a $89.00 price target on the stock. BMO Capital Markets upped their target price on shares of LyondellBasell Industries from $102.00 to $104.00 in a research note on Thursday, June 1st. Finally, Royal Bank of Canada cut their target price on shares of LyondellBasell Industries from $130.00 to $121.00 in a research note on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $97.33.
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;…
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