Banque Cantonale Vaudoise Takes Position in LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• Banque Cantonale Vaudoise acquired a new stake in LyondellBasell Industries during the first quarter, purchasing 8,284 shares valued at approximately $583,000.
• Analysts have recently adjusted price targets for LyondellBasell, with estimates ranging from $55.00 to $67.00 and a consensus rating of "Hold".
• LyondellBasell reported a quarterly loss with earnings per share of $0.62, falling short of the consensus estimate of $0.87, while revenue decreased year-over-year by 11.8%.

Banque Cantonale Vaudoise bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,284 shares of the specialty chemicals company's stock, valued at approximately $583,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rossby Financial LCC purchased a new position in shares of LyondellBasell Industries in the first quarter worth about $25,000. JFS Wealth Advisors LLC increased its holdings in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares during the period. Investment Management Corp VA ADV lifted its holdings in LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 261 shares during the period. Lazard Asset Management LLC lifted its holdings in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after buying an additional 214 shares during the period. Finally, Covestor Ltd grew its holdings in LyondellBasell Industries by 107.6% in 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 period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

LYB has been the topic of a number of analyst reports. Bank Of America (Bofa) lowered their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. BMO Capital Markets dropped their price target on LyondellBasell Industries from $65.00 to $60.00 in a research note on Friday, June 27th. Finally, Mizuho lifted their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Three equities research 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 company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $66.00.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $53.41 on Friday. The firm's 50 day moving average price is $60.13 and its 200-day moving average price is $65.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. LyondellBasell Industries N.V. has a one year low of $51.11 and a one year high of $99.36. The firm has a market cap of $17.17 billion, a P/E ratio of 16.48, a P/E/G ratio of 3.39 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The company's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.24 EPS. As a group, equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors 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. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is 169.14%.

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.

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