Bell Bank Raises Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Bell Bank raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 106,802 shares of the specialty chemicals company's stock after acquiring an additional 12,002 shares during the quarter. Bell Bank's holdings in LyondellBasell Industries were worth $7,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Vident Advisory LLC lifted its position in shares of LyondellBasell Industries by 0.8% during the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after purchasing an additional 131 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of LyondellBasell Industries by 0.3% during the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after purchasing an additional 193 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 valued at $34,000 after purchasing an additional 214 shares in the last quarter. Portside Wealth Group LLC lifted its position in shares of LyondellBasell Industries by 2.9% during the first quarter. Portside Wealth Group LLC now owns 7,972 shares of the specialty chemicals company's stock valued at $592,000 after purchasing an additional 223 shares in the last quarter. Finally, Vise Technologies Inc. lifted its position in shares of LyondellBasell Industries by 6.7% during the fourth quarter. Vise Technologies Inc. now owns 3,701 shares of the specialty chemicals company's stock valued at $275,000 after purchasing an additional 234 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Barclays decreased their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Finally, Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $0.24 during trading hours on Wednesday, hitting $59.35. The company's stock had a trading volume of 1,242,332 shares, compared to its average volume of 2,843,406. The company has a market cap of $19.07 billion, a price-to-earnings ratio of 18.30, a PEG ratio of 2.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04. The business has a 50 day simple moving average of $57.81 and a two-hundred day simple moving average of $68.46. LyondellBasell Industries N.V. has a 52-week low of $51.11 and a 52-week high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results 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). The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. LyondellBasell Industries's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $1.37 per share. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a yield of 9.23%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio 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.