LyondellBasell Industries N.V. (NYSE:LYB) Shares Sold by Lbp Am Sa

LBP AM SA trimmed its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 3.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,483 shares of the specialty chemicals company's stock after selling 8,848 shares during the quarter. LBP AM SA owned approximately 0.07% of LyondellBasell Industries worth $16,930,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $25,000. JFS Wealth Advisors LLC grew its stake in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares during the period. Lazard Asset Management LLC grew its stake in LyondellBasell Industries by 84.9% in the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in LyondellBasell Industries in the 4th quarter valued at $37,000. Finally, Covestor Ltd boosted its stake in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 284 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 1.1%

LYB traded down $0.72 on Friday, hitting $64.60. The company had a trading volume of 2,539,849 shares, compared to its average volume of 2,976,273. The firm has a market cap of $20.76 billion, a P/E ratio of 19.94, a PEG ratio of 2.76 and a beta of 0.82. LyondellBasell Industries N.V. has a 1 year low of $51.11 and a 1 year high of $100.46. The company's fifty day moving average price is $58.86 and its 200 day moving average price is $66.51. 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 issued 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 company had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm's quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.53 earnings per share. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.48%. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

Analyst Ratings Changes

Several equities research analysts have issued reports on LYB shares. Barclays lowered their target price on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Finally, Royal Bank Of Canada lifted their target price on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $68.15.

LyondellBasell Industries Company 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.