LyondellBasell Industries (NYSE:LYB) Stock Position Lifted by apricus wealth LLC

apricus wealth LLC raised its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 14.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,608 shares of the specialty chemicals company's stock after purchasing an additional 4,260 shares during the period. apricus wealth LLC's holdings in LyondellBasell Industries were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $37,000. Lazard Asset Management LLC raised its position in shares of LyondellBasell Industries by 84.9% during 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 in the last quarter. Covestor Ltd raised its position in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 284 shares in the last quarter. Versant Capital Management Inc raised its position in shares of LyondellBasell Industries by 127.9% during the 1st quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock worth $61,000 after acquiring an additional 486 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of LyondellBasell Industries by 223.3% during the 1st quarter. UMB Bank n.a. now owns 928 shares of the specialty chemicals company's stock worth $65,000 after acquiring an additional 641 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LYB. UBS Group reissued a "sell" rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Citigroup dropped their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Finally, Royal Bank of Canada dropped their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $0.07 during trading on Friday, reaching $60.06. The company's stock had a trading volume of 5,098,356 shares, compared to its average volume of 2,828,426. 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 has a 12-month low of $51.11 and a 12-month high of $100.46. The company has a market capitalization of $19.30 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The business has a 50 day moving average price of $57.65 and a 200-day moving average price of $68.87.

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). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same period last year, the firm earned $1.53 earnings per share. The business's revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

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