Fifth Third Bancorp Boosts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Fifth Third Bancorp boosted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 22.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,134 shares of the specialty chemicals company's stock after purchasing an additional 4,345 shares during the quarter. Fifth Third Bancorp's holdings in LyondellBasell Industries were worth $1,699,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vident Advisory LLC boosted its position in LyondellBasell Industries by 0.8% during the 4th quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after buying an additional 131 shares during the period. NewSquare Capital LLC increased its position in shares of LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after acquiring an additional 193 shares during the period. Lazard Asset Management LLC raised its stake 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 acquiring an additional 214 shares during the last quarter. Portside Wealth Group LLC boosted its holdings 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 worth $592,000 after purchasing an additional 223 shares during the period. Finally, Vise Technologies Inc. grew its stake in shares of LyondellBasell Industries by 6.7% in the fourth quarter. Vise Technologies Inc. now owns 3,701 shares of the specialty chemicals company's stock worth $275,000 after purchasing an additional 234 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. UBS Group reaffirmed a "sell" rating and set a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Wells Fargo & Company decreased their target price on 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 cut their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Stock Up 1.8%

Shares of NYSE LYB traded up $1.08 on Monday, reaching $61.18. 4,001,911 shares of the company's stock traded hands, compared to its average volume of 2,838,851. The business's 50 day simple moving average is $57.65 and its two-hundred day simple moving average is $68.68. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.46. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The firm's quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the business earned $1.53 EPS. As a group, equities research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a dividend yield of 8.96%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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.