LyondellBasell Industries N.V. (NYSE:LYB) Shares Purchased by Lifeworks Advisors LLC

Lifeworks Advisors LLC grew its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 71.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,623 shares of the specialty chemicals company's stock after buying an additional 23,638 shares during the period. Lifeworks Advisors LLC's holdings in LyondellBasell Industries were worth $3,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Journey Strategic Wealth LLC boosted its holdings in LyondellBasell Industries by 46.3% in the first quarter. Journey Strategic Wealth LLC now owns 8,264 shares of the specialty chemicals company's stock valued at $582,000 after purchasing an additional 2,615 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of LyondellBasell Industries by 30.8% in the first quarter. Pinnacle Associates Ltd. now owns 30,817 shares of the specialty chemicals company's stock worth $2,170,000 after acquiring an additional 7,263 shares during the last quarter. Unison Advisors LLC lifted its stake in shares of LyondellBasell Industries by 1.7% in the first quarter. Unison Advisors LLC now owns 41,267 shares of the specialty chemicals company's stock worth $2,905,000 after buying an additional 703 shares in the last quarter. Abel Hall LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $267,000. Finally, Vestor Capital LLC boosted its position in shares of LyondellBasell Industries by 3.7% during the 1st quarter. Vestor Capital LLC now owns 34,331 shares of the specialty chemicals company's stock valued at $2,417,000 after acquiring an additional 1,234 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on LYB. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Argus cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Citigroup cut their target price on LyondellBasell Industries from $58.00 to $56.00 in a research report on Wednesday, June 11th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. Finally, Piper Sandler decreased their target price on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and an average target price of $66.00.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $1.18 during trading hours on Monday, hitting $62.83. The stock had a trading volume of 2,557,426 shares, compared to its average volume of 3,675,354. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46. The stock has a market capitalization of $20.19 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 3.75 and a beta of 0.82. The stock's fifty day moving average is $59.95 and its two-hundred day moving average is $65.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm's revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. As a group, analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal 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 $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio is currently 169.14%.

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.