Adell Harriman & Carpenter Inc. Sells 10,122 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Adell Harriman & Carpenter Inc. lowered its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 38.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,461 shares of the specialty chemicals company's stock after selling 10,122 shares during the period. Adell Harriman & Carpenter Inc.'s holdings in LyondellBasell Industries were worth $1,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Rossby Financial LCC purchased a new position in LyondellBasell Industries during the first quarter valued at $25,000. JFS Wealth Advisors LLC grew its stake in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Lazard Asset Management LLC grew its stake in 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. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries during the fourth quarter valued at $37,000. Finally, Covestor Ltd grew its stake in LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.9%

Shares of LYB traded down $0.56 during trading hours on Friday, reaching $62.00. 1,962,870 shares of the company traded hands, compared to its average volume of 2,943,356. The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 2.65 and a beta of 0.82. LyondellBasell Industries N.V. has a 12-month low of $51.11 and a 12-month high of $100.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The stock's fifty day moving average price is $58.32 and its 200 day moving average price is $66.85.

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

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $1.37 dividend. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's payout ratio is presently 169.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of LyondellBasell Industries from $65.00 to $60.00 in a research report on Friday, June 27th. UBS Group restated a "sell" rating and issued a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank Of Canada boosted their price target on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $68.31.

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.