Banque Pictet & Cie SA Has $17.91 Million Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Banque Pictet & Cie SA lowered its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 1.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 254,459 shares of the specialty chemicals company's stock after selling 4,188 shares during the quarter. Banque Pictet & Cie SA owned about 0.08% of LyondellBasell Industries worth $17,914,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries in the first quarter valued at $25,000. JFS Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 352.3% in 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 during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries in the fourth quarter valued at about $37,000. Lazard Asset Management LLC boosted 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 valued at $34,000 after acquiring an additional 214 shares during the last quarter. Finally, Covestor Ltd boosted 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 valued at $41,000 after acquiring an additional 284 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LYB shares. Bank Of America (Bofa) decreased their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Citigroup reduced their target price on LyondellBasell Industries from $58.00 to $56.00 in a report on Wednesday, June 11th. Wells Fargo & Company reduced their target price 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 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Finally, Royal Bank Of Canada raised their target price on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a report on Thursday, July 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and an average target price of $68.15.

LyondellBasell Industries Stock Down 1.1%

Shares of NYSE:LYB traded down $0.72 during trading on Friday, hitting $64.60. 2,539,849 shares of the company's stock traded hands, compared to its average volume of 2,976,273. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82. The company has a 50-day moving average price of $58.86 and a 200-day moving average price of $66.51.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter last year, the firm earned $1.53 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is currently 169.14%.

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.