J.W. Cole Advisors Inc. Takes Position in LyondellBasell Industries N.V. (NYSE:LYB)

J.W. Cole Advisors Inc. acquired a new position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,462 shares of the specialty chemicals company's stock, valued at approximately $1,793,000.

Several other institutional investors also recently bought and sold shares of LYB. Rossby Financial LCC bought a new position in LyondellBasell Industries in the first quarter worth approximately $25,000. JFS Wealth Advisors LLC boosted its position in LyondellBasell Industries by 352.3% during the first 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 in the last quarter. Lazard Asset Management LLC grew its stake in LyondellBasell Industries by 84.9% in the fourth 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 last quarter. Covestor Ltd raised its holdings in LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 284 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $42,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Mizuho lifted their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Barclays cut their target price on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Piper Sandler reduced 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. Finally, Bank Of America (Bofa) dropped their price target on LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $66.00.

LyondellBasell Industries Price Performance

LYB opened at $65.47 on Wednesday. The stock's 50-day moving average price is $59.51 and its 200 day moving average price is $66.08. LyondellBasell Industries N.V. has a 12-month low of $51.11 and a 12-month high of $100.46. The firm has a market cap of $21.04 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 2.69 and a beta of 0.82. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The company's revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.53 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business 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 represents a $5.48 dividend on an annualized basis and a yield of 8.37%. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. 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.

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