11,429 Shares in LyondellBasell Industries N.V. (NYSE:LYB) Bought by Abundance Wealth Counselors

Abundance Wealth Counselors acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,429 shares of the specialty chemicals company's stock, valued at approximately $819,000.

Several other hedge funds have also added to or reduced their stakes in 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. Amundi raised its stake in shares of LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after purchasing an additional 1,260,913 shares during the period. Norges Bank acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $81,015,000. Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $69,115,000. Finally, Dodge & Cox raised its stake 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. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 1.6%

LyondellBasell Industries stock opened at $58.63 on Friday. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. The stock has a market capitalization of $18.84 billion, a P/E ratio of 18.09, a PEG ratio of 2.18 and a beta of 0.82. The stock has a 50-day simple moving average of $57.87 and a 200 day simple moving average of $68.23.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 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 for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. Analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a yield of 9.35%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

Wall Street Analyst Weigh In

Several analysts have issued reports on LYB shares. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. Piper Sandler dropped their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. UBS Group restated a "sell" rating and issued a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Finally, Royal Bank Of Canada decreased their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average target price of $69.75.

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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