Aviance Capital Partners LLC Buys 6,574 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Aviance Capital Partners LLC boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,973 shares of the specialty chemicals company's stock after purchasing an additional 6,574 shares during the period. Aviance Capital Partners LLC's holdings in LyondellBasell Industries were worth $2,462,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Rossby Financial LCC acquired a new stake in shares of LyondellBasell Industries during the first quarter valued at about $25,000. JFS Wealth Advisors LLC grew its stake in shares of 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 lifted its position in shares of LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after purchasing an additional 214 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the fourth quarter worth about $37,000. Finally, Covestor Ltd lifted 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 worth $41,000 after purchasing an additional 284 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 2.0%

Shares of LYB stock traded down $1.22 on Monday, hitting $60.79. The company's stock had a trading volume of 2,982,215 shares, compared to its average volume of 2,943,511. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The firm's fifty day moving average price is $58.32 and its 200-day moving average price is $66.81. The stock has a market capitalization of $19.54 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 2.65 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 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 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 quarterly revenue was down 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.53 earnings per share. Research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 9.01%. LyondellBasell Industries's payout ratio is presently 169.14%.

Analyst Upgrades and Downgrades

LYB has been the topic of several research analyst reports. Royal Bank Of Canada increased 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. Argus cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup cut their target price on shares of LyondellBasell Industries from $58.00 to $56.00 in a report on Wednesday, June 11th. Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $68.31.

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.