Gateway Investment Advisers LLC Has $278,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Gateway Investment Advisers LLC lowered its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 97.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,947 shares of the specialty chemicals company's stock after selling 152,352 shares during the period. Gateway Investment Advisers LLC's holdings in LyondellBasell Industries were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. SeaCrest Wealth Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $227,000. Stablepoint Partners LLC lifted its holdings in shares of LyondellBasell Industries by 21.1% during the 1st quarter. Stablepoint Partners LLC now owns 64,111 shares of the specialty chemicals company's stock worth $4,513,000 after acquiring an additional 11,185 shares during the period. Curat Global LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $177,000. Generali Investments Management Co LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $80,000. Finally, Armstrong Fleming & Moore Inc bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $340,000. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 0.1%

Shares of LYB stock traded down $0.07 during trading hours on Friday, hitting $60.06. 5,098,356 shares of the company's stock traded hands, compared to its average volume of 2,828,420. The stock's 50 day simple moving average is $57.51 and its 200 day simple moving average is $69.03. The stock has a market cap of $19.30 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.46. 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 released its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business 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%. LyondellBasell Industries's revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given 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 dividend yield of 9.12%. LyondellBasell Industries's dividend payout ratio is 169.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LYB. Argus downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. BMO Capital Markets cut their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Barclays dropped their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $69.75.

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.