4,635 Shares in LyondellBasell Industries N.V. (NYSE:LYB) Acquired by Code Waechter LLC

Code Waechter LLC bought a new position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,635 shares of the specialty chemicals company's stock, valued at approximately $326,000.

Other large investors have also made changes to their positions in the company. Vident Advisory LLC grew its stake in shares of LyondellBasell Industries by 0.8% during the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after acquiring an additional 131 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of LyondellBasell Industries by 0.3% during the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after acquiring an additional 193 shares in the last quarter. Forza Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 1.6% during the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company's stock valued at $894,000 after acquiring an additional 200 shares in the last quarter. M&T Bank Corp grew its stake in shares of LyondellBasell Industries by 1.1% during the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock valued at $1,405,000 after acquiring an additional 209 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in shares of LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LYB shares. UBS Group lowered their target price on LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating for the company in a research note on Wednesday. Piper Sandler decreased their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Royal Bank Of Canada lifted their price target on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Citigroup decreased their price target on LyondellBasell Industries from $58.00 to $56.00 in a research note on Wednesday, June 11th. Finally, The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $68.15.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $0.72 during mid-day trading on Friday, reaching $64.60. 2,539,849 shares of the company's stock traded hands, compared to its average volume of 2,976,273. The business's 50-day moving average price is $58.86 and its 200-day moving average price is $66.51. The stock has a market capitalization of $20.76 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. LyondellBasell Industries N.V. has a 12 month low of $51.11 and a 12 month high of $100.46.

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

LyondellBasell Industries Increases Dividend

The company also recently announced 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. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a yield of 8.48%. LyondellBasell Industries's payout ratio is presently 169.14%.

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.