Buck Wealth Strategies LLC Has $1.16 Million Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Buck Wealth Strategies LLC grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 102.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,446 shares of the specialty chemicals company's stock after buying an additional 8,335 shares during the quarter. Buck Wealth Strategies LLC's holdings in LyondellBasell Industries were worth $1,158,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Woodmont Investment Counsel LLC increased its position in shares of LyondellBasell Industries by 15.0% during the 1st quarter. Woodmont Investment Counsel LLC now owns 101,502 shares of the specialty chemicals company's stock worth $7,146,000 after purchasing an additional 13,249 shares in the last quarter. Praxis Investment Management Inc. grew its holdings in LyondellBasell Industries by 4.0% during the 1st quarter. Praxis Investment Management Inc. now owns 32,010 shares of the specialty chemicals company's stock worth $2,254,000 after acquiring an additional 1,230 shares during the last quarter. Advocate Group LLC grew its holdings in LyondellBasell Industries by 13.9% during the 1st quarter. Advocate Group LLC now owns 61,460 shares of the specialty chemicals company's stock worth $4,327,000 after acquiring an additional 7,487 shares during the last quarter. Abundance Wealth Counselors bought a new stake in LyondellBasell Industries during the 1st quarter worth about $819,000. Finally, Good Steward Wealth Advisors LLC bought a new stake in LyondellBasell Industries during the 1st quarter worth about $283,000. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 1.6%

Shares of NYSE:LYB traded down $0.96 during mid-day trading on Monday, reaching $57.38. The stock had a trading volume of 4,187,386 shares, compared to its average volume of 2,882,280. The firm has a market cap of $18.44 billion, a PE ratio of 17.71, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The firm has a 50 day simple moving average of $57.90 and a two-hundred day simple moving average of $67.94. 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 N.V. has a twelve month low of $51.11 and a twelve month high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $7.68 billion during 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 business's revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a yield of 9.55%. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is 169.14%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LYB shares. UBS Group reissued a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report 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 lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Finally, BMO Capital Markets reduced their target price on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average price target of $69.75.

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.