20,501 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Donald L. Hagan LLC

Donald L. Hagan LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,501 shares of the specialty chemicals company's stock, valued at approximately $1,443,000. LyondellBasell Industries accounts for 0.8% of Donald L. Hagan LLC's investment portfolio, making the stock its 29th biggest position.

Several other institutional investors also recently bought and sold shares of the company. Verity & Verity LLC increased its holdings in LyondellBasell Industries by 22.7% during the 1st quarter. Verity & Verity LLC now owns 287,873 shares of the specialty chemicals company's stock worth $20,266,000 after purchasing an additional 53,171 shares during the period. Rockland Trust Co. increased its holdings in LyondellBasell Industries by 10.6% during the 1st quarter. Rockland Trust Co. now owns 15,148 shares of the specialty chemicals company's stock worth $1,066,000 after purchasing an additional 1,456 shares during the period. Allen Mooney & Barnes Investment Advisors LLC increased its holdings in LyondellBasell Industries by 6.7% during the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 147,712 shares of the specialty chemicals company's stock worth $10,399,000 after purchasing an additional 9,266 shares during the period. apricus wealth LLC increased its holdings in LyondellBasell Industries by 14.0% during the 1st quarter. apricus wealth LLC now owns 34,608 shares of the specialty chemicals company's stock worth $2,436,000 after purchasing an additional 4,260 shares during the period. Finally, Greenwood Capital Associates LLC increased its holdings in LyondellBasell Industries by 22.9% during the 1st quarter. Greenwood Capital Associates LLC now owns 10,703 shares of the specialty chemicals company's stock worth $753,000 after purchasing an additional 1,993 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. UBS Group reaffirmed a "sell" rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Finally, Argus cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Stock Performance

LYB traded down $0.07 on Friday, reaching $60.06. 5,098,356 shares of the stock were exchanged, compared to its average volume of 2,828,420. The company's 50-day moving average price is $57.51 and its 200 day moving average price is $69.03. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a market capitalization of $19.30 billion, a PE ratio of 14.51, a PEG ratio of 0.97 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). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same period in the prior year, the firm posted $1.53 EPS. The business's revenue was down 7.6% compared to the same quarter last year. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal 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 $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend was Monday, June 2nd. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's 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.