HBW Advisory Services LLC Raises Holdings in LyondellBasell Industries (NYSE:LYB)

HBW Advisory Services LLC raised its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 27.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,096 shares of the specialty chemicals company's stock after acquiring an additional 7,335 shares during the quarter. HBW Advisory Services LLC's holdings in LyondellBasell Industries were worth $2,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of LYB. Lazard Asset Management LLC raised its holdings 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 buying an additional 214 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $37,000. Covestor Ltd boosted 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of LyondellBasell Industries by 127.9% during the 1st quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock worth $61,000 after acquiring an additional 486 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its stake in LyondellBasell Industries by 110.2% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the specialty chemicals company's stock worth $82,000 after purchasing an additional 614 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.7%

LYB stock traded down $0.39 during mid-day trading on Thursday, reaching $55.63. 3,801,066 shares of the stock traded hands, compared to its average volume of 2,733,533. The business has a 50-day moving average price of $58.24 and a two-hundred day moving average price of $70.03. The stock has a market capitalization of $17.88 billion, a PE ratio of 13.44, a PEG ratio of 0.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a one year low of $51.11 and a one year high of $100.46.

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). 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 during the quarter, compared to analysts' expectations of $7.69 billion. During the same period last year, the company earned $1.53 earnings per share. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be paid a dividend of $1.37 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.85%. The ex-dividend date is Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 169.14%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on LYB shares. Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Argus cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Wall Street Zen downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, Royal Bank of Canada cut their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average 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.