4,492 Shares in LyondellBasell Industries N.V. (NYSE:LYB) Acquired by Inscription Capital LLC

Inscription Capital LLC bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,492 shares of the specialty chemicals company's stock, valued at approximately $316,000.

Other hedge funds also recently modified their holdings of the company. Dodge & Cox raised its position in LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after buying an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. grew its stake in LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after purchasing an additional 199,054 shares during the period. Invesco Ltd. lifted its position in shares of LyondellBasell Industries by 13.5% in the fourth quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after purchasing an additional 694,055 shares in the last quarter. Finally, Amundi boosted its holdings in shares of LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research reports. BMO Capital Markets dropped their price objective on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Royal Bank Of Canada dropped their price target on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Piper Sandler reduced their price objective on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. UBS Group restated a "sell" rating and issued a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Finally, Barclays cut their price target on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned 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, the stock has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Stock Down 1.6%

Shares of LyondellBasell Industries stock opened at $58.63 on Thursday. LyondellBasell Industries N.V. has a 12-month low of $51.11 and a 12-month high of $100.46. The stock has a market capitalization of $18.84 billion, a P/E ratio of 18.09, a PEG ratio of 2.22 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 stock has a 50 day moving average price of $57.78 and a two-hundred day moving average price of $68.39.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. LyondellBasell Industries's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. Equities 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 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 was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.35%. LyondellBasell Industries's payout ratio is presently 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.

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