LyondellBasell Industries N.V. (NYSE:LYB) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. grew its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 29.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,894 shares of the specialty chemicals company's stock after buying an additional 19,751 shares during the quarter. QRG Capital Management Inc.'s holdings in LyondellBasell Industries were worth $6,188,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Vident Advisory LLC grew its stake in shares of LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after buying an additional 131 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after buying an additional 193 shares in the last quarter. Lazard Asset Management LLC grew its stake in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after purchasing an additional 214 shares in the last quarter. Portside Wealth Group LLC grew its stake in LyondellBasell Industries by 2.9% during the 1st quarter. Portside Wealth Group LLC now owns 7,972 shares of the specialty chemicals company's stock worth $592,000 after purchasing an additional 223 shares in the last quarter. Finally, Vise Technologies Inc. grew its stake in LyondellBasell Industries by 6.7% during the 4th quarter. Vise Technologies Inc. now owns 3,701 shares of the specialty chemicals company's stock worth $275,000 after purchasing an additional 234 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Argus cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Citigroup lowered their target price on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada decreased their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. 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 issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.75.

LyondellBasell Industries Stock Down 2.6%

LyondellBasell Industries stock opened at $59.60 on Wednesday. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. 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 company has a market capitalization of $19.16 billion, a P/E ratio of 18.40, a PEG ratio of 2.28 and a beta of 0.82. The stock has a 50-day simple moving average of $57.81 and a 200-day simple moving average of $68.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. Equities research 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. Stockholders of record on Monday, June 2nd were issued a $1.37 dividend. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a dividend yield of 9.19%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's payout ratio is presently 169.14%.

LyondellBasell Industries 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.