LyondellBasell Industries N.V. (NYSE:LYB) Stake Decreased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 25.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,842 shares of the specialty chemicals company's stock after selling 22,289 shares during the period. Janney Montgomery Scott LLC's holdings in LyondellBasell Industries were worth $4,565,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LYB. Ensign Peak Advisors Inc increased its holdings in LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock valued at $167,448,000 after purchasing an additional 1,522,043 shares in the last quarter. Amundi increased its holdings in LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after purchasing an additional 1,260,913 shares in the last quarter. Norges Bank acquired a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $81,015,000. Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $69,115,000. Finally, Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after acquiring an additional 851,365 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Citigroup lowered their target price on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Piper Sandler lowered their target price on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Barclays lowered their target price on 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, The Goldman Sachs Group lowered their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Stock Performance

NYSE LYB traded down $0.96 during trading hours on Monday, reaching $57.38. The company's stock had a trading volume of 4,187,386 shares, compared to its average volume of 2,882,280. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The business has a 50-day simple moving average of $57.89 and a 200 day simple moving average of $67.81. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46. The stock has a market cap of $18.44 billion, a PE ratio of 17.71, a PEG ratio of 2.17 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate 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 was down 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm 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. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date was Monday, June 2nd. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio is 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.