Oak Thistle LLC Invests $1.78 Million in LyondellBasell Industries N.V. (NYSE:LYB)

Oak Thistle LLC acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,307 shares of the specialty chemicals company's stock, valued at approximately $1,782,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Rossby Financial LCC acquired a new position in LyondellBasell Industries during the first quarter worth approximately $25,000. JFS Wealth Advisors LLC boosted its stake in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares during the period. Lazard Asset Management LLC boosted its stake in shares of LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after purchasing an additional 214 shares during the period. Covestor Ltd boosted its stake in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 284 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the first quarter valued at $42,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LYB shares. The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. BMO Capital Markets reduced their target price on LyondellBasell Industries from $65.00 to $60.00 in a report on Friday, June 27th. Bank Of America (Bofa) dropped their price target on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Piper Sandler reduced their price objective 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. Finally, Barclays reduced their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $66.00.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $6.40 during trading hours on Thursday, hitting $60.82. 9,567,881 shares of the company traded hands, compared to its average volume of 3,669,451. The firm has a market cap of $19.55 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.67 and a beta of 0.82. 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 firm's 50-day simple moving average is $59.82 and its two-hundred day simple moving average is $66.01. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 EPS. As a group, analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 9.01%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio is currently 169.14%.

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.