LyondellBasell Industries N.V. (NYSE:LYB) Shares Purchased by Altrius Capital Management Inc

Altrius Capital Management Inc grew its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 15.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,635 shares of the specialty chemicals company's stock after purchasing an additional 14,682 shares during the period. LyondellBasell Industries makes up about 1.9% of Altrius Capital Management Inc's portfolio, making the stock its 19th biggest position. Altrius Capital Management Inc's holdings in LyondellBasell Industries were worth $7,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of LyondellBasell Industries by 22.5% during the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the specialty chemicals company's stock valued at $128,000 after purchasing an additional 317 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in shares of LyondellBasell Industries by 26.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock valued at $14,013,000 after purchasing an additional 39,957 shares during the period. Principal Securities Inc. boosted its stake in shares of LyondellBasell Industries by 14.5% during the fourth quarter. Principal Securities Inc. now owns 6,545 shares of the specialty chemicals company's stock valued at $486,000 after purchasing an additional 829 shares during the period. Allworth Financial LP boosted its stake in shares of LyondellBasell Industries by 59.6% during the fourth quarter. Allworth Financial LP now owns 1,511 shares of the specialty chemicals company's stock valued at $116,000 after purchasing an additional 564 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its stake in shares of LyondellBasell Industries by 21.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 8,699 shares of the specialty chemicals company's stock valued at $646,000 after purchasing an additional 1,512 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Down 1.6%

Shares of LyondellBasell Industries stock traded down $0.96 during trading on Monday, reaching $57.38. The company's stock had a trading volume of 4,187,386 shares, compared to its average volume of 2,882,280. 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 company has a market cap of $18.44 billion, a price-to-earnings ratio of 17.71, a P/E/G ratio of 2.17 and a beta of 0.82. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46. The company has a 50-day simple moving average of $57.90 and a two-hundred day simple moving average of $67.94.

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 for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. As a group, equities analysts forecast 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 given a $1.37 dividend. 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 dividend on an annualized basis and a dividend yield of 9.55%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

Wall Street Analyst Weigh In

Several research analysts have commented on LYB shares. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. BMO Capital Markets reduced their price objective on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Barclays reduced their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $69.75.

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.