Alps Advisors Inc. Buys 5,667 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Alps Advisors Inc. increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 1.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 325,811 shares of the specialty chemicals company's stock after purchasing an additional 5,667 shares during the quarter. Alps Advisors Inc. owned about 0.10% of LyondellBasell Industries worth $22,937,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank Pictet & Cie Europe AG increased its stake in shares of LyondellBasell Industries by 26.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock valued at $14,013,000 after buying an additional 39,957 shares during the period. Jones Financial Companies Lllp boosted its holdings in LyondellBasell Industries by 154.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,777 shares of the specialty chemicals company's stock valued at $206,000 after acquiring an additional 1,686 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth about $3,760,000. Callan Family Office LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth about $246,000. Finally, Ashton Thomas Private Wealth LLC raised its holdings in LyondellBasell Industries by 7.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,608 shares of the specialty chemicals company's stock worth $342,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 1.1%

Shares of NYSE:LYB traded down $0.72 during trading on Friday, hitting $64.60. 2,539,849 shares of the company's stock traded hands, compared to its average volume of 2,976,273. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $58.86 and a 200-day moving average price of $66.46. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82.

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 company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company 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 represents a $5.48 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date was Monday, June 2nd. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio is 169.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LYB. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Royal Bank Of Canada increased their price target on LyondellBasell Industries from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Thursday, July 3rd. Barclays decreased their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.