DDD Partners LLC Grows Stock Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

DDD Partners LLC grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 190.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 285,521 shares of the specialty chemicals company's stock after purchasing an additional 187,292 shares during the quarter. LyondellBasell Industries makes up 2.4% of DDD Partners LLC's holdings, making the stock its 17th biggest holding. DDD Partners LLC owned approximately 0.09% of LyondellBasell Industries worth $20,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC purchased a new stake in LyondellBasell Industries during the 1st quarter worth about $25,000. JFS Wealth Advisors LLC raised its stake in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Lazard Asset Management LLC grew its holdings in shares of 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 acquiring an additional 214 shares during the period. Covestor Ltd grew its holdings in LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 284 shares during the period. Finally, TruNorth Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth about $42,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $65.00 to $60.00 in a research note on Friday, June 27th. Finally, Citigroup dropped their target price on shares of LyondellBasell Industries from $58.00 to $56.00 in a report on Wednesday, June 11th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus target price of $66.00.

LyondellBasell Industries Price Performance

LYB stock traded down $0.34 during mid-day trading on Friday, hitting $62.96. The stock had a trading volume of 686,195 shares, compared to its average volume of 2,979,881. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46. The firm has a market capitalization of $20.23 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.66 and a beta of 0.82. The firm has a fifty day simple moving average of $59.39 and a 200 day simple moving average of $66.26.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS 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 firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the prior year, the business earned $1.53 earnings per share. LyondellBasell Industries's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 8.70%. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's payout ratio is presently 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.