Allen Mooney & Barnes Investment Advisors LLC Grows Position in LyondellBasell Industries (NYSE:LYB)

Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 6.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 147,712 shares of the specialty chemicals company's stock after buying an additional 9,266 shares during the period. LyondellBasell Industries makes up 1.7% of Allen Mooney & Barnes Investment Advisors LLC's investment portfolio, making the stock its 29th biggest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in LyondellBasell Industries were worth $10,399,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Lazard Asset Management LLC grew its position 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 in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $37,000. Covestor Ltd increased its position in shares of 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 buying an additional 284 shares during the period. Versant Capital Management Inc increased its position in shares of LyondellBasell Industries by 127.9% during the first quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock valued at $61,000 after buying an additional 486 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of LyondellBasell Industries by 223.3% in the first quarter. UMB Bank n.a. now owns 928 shares of the specialty chemicals company's stock worth $65,000 after buying an additional 641 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

LYB has been the topic of a number of analyst reports. Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Citigroup decreased their price target on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. UBS Group restated a "sell" rating and set a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Finally, Piper Sandler lowered their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Trading Down 0.1%

NYSE LYB traded down $0.07 during trading hours on Friday, hitting $60.06. 3,963,366 shares of the company were exchanged, compared to its average volume of 2,822,838. The stock has a market cap of $19.30 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $100.46. The stock has a 50-day moving average price of $57.51 and a 200 day moving average price of $69.03. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

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 analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. LyondellBasell Industries's revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS. Analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a $1.37 dividend. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a yield of 9.12%. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's dividend 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.