Envestnet Asset Management Inc. Raises Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Envestnet Asset Management Inc. raised its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,279,572 shares of the specialty chemicals company's stock after acquiring an additional 298,110 shares during the quarter. Envestnet Asset Management Inc. owned about 0.40% of LyondellBasell Industries worth $90,082,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Penserra Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 1,391.2% during the first quarter. Penserra Capital Management LLC now owns 10,215 shares of the specialty chemicals company's stock worth $718,000 after purchasing an additional 9,530 shares during the period. Concurrent Investment Advisors LLC increased its stake in LyondellBasell Industries by 14.2% in the first quarter. Concurrent Investment Advisors LLC now owns 9,694 shares of the specialty chemicals company's stock valued at $682,000 after acquiring an additional 1,207 shares during the last quarter. VAUGHAN & Co SECURITIES INC. boosted its position in LyondellBasell Industries by 47.6% in the first quarter. VAUGHAN & Co SECURITIES INC. now owns 9,793 shares of the specialty chemicals company's stock valued at $689,000 after buying an additional 3,159 shares in the last quarter. HM Payson & Co. boosted its position in LyondellBasell Industries by 3,914.3% in the first quarter. HM Payson & Co. now owns 1,124 shares of the specialty chemicals company's stock valued at $79,000 after buying an additional 1,096 shares in the last quarter. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 36.8% during the first quarter. OneDigital Investment Advisors LLC now owns 5,003 shares of the specialty chemicals company's stock worth $352,000 after purchasing an additional 1,345 shares during the period. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on LYB. Wells Fargo & Company lifted their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday. Piper Sandler cut their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. BMO Capital Markets cut their price target on shares of LyondellBasell Industries from $65.00 to $60.00 in a report on Friday, June 27th. UBS Group dropped their target price on shares of LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating on the stock in a research note on Wednesday, July 9th. Finally, Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three 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 MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.38.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded down $1.46 during trading on Monday, reaching $63.09. The company had a trading volume of 3,443,562 shares, compared to its average volume of 2,978,143. The company has a fifty day moving average of $58.86 and a two-hundred day moving average of $66.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 12 month low of $51.11 and a 12 month high of $100.46. The stock has a market capitalization of $20.28 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82.

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 analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion for 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%. The business's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 earnings per share. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share 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 paid a dividend of $1.37 per share. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.69%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 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.