Schnieders Capital Management LLC Makes New $576,000 Investment in LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• Schnieders Capital Management LLC acquired 8,175 shares of LyondellBasell Industries, valued at approximately $576,000, marking a new position in the company during the first quarter.
• Multiple research firms have recently downgraded LyondellBasell's target prices, with Citigroup and Goldman Sachs setting new targets of $53.00 and $65.00 respectively, indicating a generally cautious outlook.
• LyondellBasell Industries recently announced a quarterly dividend of $1.37 per share, reflecting a 10.5% dividend yield, although the company's dividend payout ratio stands at a high 711.69%.

Schnieders Capital Management LLC purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,175 shares of the specialty chemicals company's stock, valued at approximately $576,000.

Several other institutional investors also recently bought and sold shares of the business. Rossby Financial LCC bought a new position in LyondellBasell Industries during the 1st quarter valued at $25,000. JFS Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 310 shares during the last quarter. Investment Management Corp VA ADV increased its holdings in shares of LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 261 shares during the period. Lazard Asset Management LLC increased its holdings in shares of LyondellBasell Industries by 84.9% in the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after acquiring an additional 214 shares during the period. Finally, Covestor Ltd increased its stake in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 284 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on LYB shares. Barclays lowered their target price on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a research report on Wednesday. Finally, Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $63.08.

LyondellBasell Industries Stock Down 2.3%

LYB traded down $1.13 during midday trading on Friday, hitting $49.04. 3,648,130 shares of the company's stock traded hands, compared to its average volume of 5,260,149. The company has a market cap of $15.77 billion, a PE ratio of 63.69, a price-to-earnings-growth ratio of 3.25 and a beta of 0.85. The stock's fifty day simple moving average is $59.46 and its 200-day simple moving average is $64.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a one year low of $48.90 and a one year high of $99.36.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the business earned $2.24 EPS. The company's revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 25th will be given a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.2%. LyondellBasell Industries's payout ratio is 711.69%.

About LyondellBasell Industries

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.