FourThought Financial Partners LLC Boosts Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Key Points

• FourThought Financial Partners LLC increased its stake in LyondellBasell Industries by 105.9%, acquiring a total of 19,378 shares valued at approximately $1.36 million as of the most recent SEC filing.
• LyondellBasell Industries recently declared a quarterly dividend of $1.37 per share, up from the previous $1.34, yielding around 8.56% annually.
• Wall Street analysts have mixed opinions on LyondellBasell Industries' stock, with the consensus rating being a "Hold", while the average price target is set at $66.00.

FourThought Financial Partners LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 105.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,378 shares of the specialty chemicals company's stock after buying an additional 9,965 shares during the quarter. FourThought Financial Partners LLC's holdings in LyondellBasell Industries were worth $1,364,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Rossby Financial LCC bought a new stake in LyondellBasell Industries in the 1st quarter worth about $25,000. JFS Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares during the period. Lazard Asset Management LLC grew its stake in shares of LyondellBasell Industries by 84.9% during the 4th 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 during the period. Covestor Ltd grew its stake in shares of LyondellBasell Industries by 107.6% during the 4th 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 stake in shares of LyondellBasell Industries during the 1st quarter valued at about $42,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research analyst reports. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Citigroup dropped their price target on LyondellBasell Industries from $58.00 to $56.00 in a research report on Wednesday, June 11th. UBS Group dropped their price target on LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating on the stock in a research report on Wednesday, July 9th. Finally, Royal Bank Of Canada raised their price objective on LyondellBasell Industries from $61.00 to $64.00 and gave the company a "sector perform" rating in a research report on Thursday, July 3rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price of $66.00.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $1.64 during mid-day trading on Wednesday, reaching $60.84. 1,062,503 shares of the stock were exchanged, compared to its average volume of 3,665,062. The company has a 50 day simple moving average of $60.10 and a 200-day simple moving average of $65.67. The stock has a market capitalization of $19.56 billion, a P/E ratio of 18.77, a P/E/G ratio of 3.68 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 1 year low of $51.11 and a 1 year high of $100.46.

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 issued a dividend of $1.37 per share. 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. This represents a $5.48 annualized dividend and a yield of 9.01%. LyondellBasell Industries's payout ratio is currently 169.14%.

LyondellBasell Industries 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.