First Horizon Advisors Inc. Acquires 141,307 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

First Horizon Advisors Inc. grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 50.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 421,662 shares of the specialty chemicals company's stock after acquiring an additional 141,307 shares during the quarter. First Horizon Advisors Inc. owned 0.13% of LyondellBasell Industries worth $29,685,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG boosted its holdings in LyondellBasell Industries by 26.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock worth $14,013,000 after purchasing an additional 39,957 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $3,760,000. Metis Global Partners LLC boosted its stake in shares of LyondellBasell Industries by 4.7% during the 4th quarter. Metis Global Partners LLC now owns 8,669 shares of the specialty chemicals company's stock worth $644,000 after buying an additional 392 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of LyondellBasell Industries by 61.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,217 shares of the specialty chemicals company's stock worth $162,000 after buying an additional 846 shares during the last quarter. Finally, Bailard Inc. boosted its stake in shares of LyondellBasell Industries by 4.3% during the 4th quarter. Bailard Inc. now owns 8,968 shares of the specialty chemicals company's stock worth $666,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LYB shares. Piper Sandler reduced their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Bank Of America (Bofa) cut their price objective on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, UBS Group reiterated a "sell" rating and issued a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, ten have given 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.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $68.31.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $0.56 during midday trading on Friday, hitting $62.00. 1,962,870 shares of the company were exchanged, compared to its average volume of 2,936,975. The firm has a market capitalization of $19.93 billion, a P/E ratio of 19.14, a PEG ratio of 2.65 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. The firm's 50 day moving average price is $58.32 and its two-hundred day moving average price is $66.91. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46.

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 analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion for 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 company's revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a $1.37 dividend. The ex-dividend date was Monday, June 2nd. 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 8.84%. LyondellBasell Industries's payout ratio is 169.14%.

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.