South Dakota Investment Council Has $16.77 Million Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

South Dakota Investment Council boosted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,219 shares of the specialty chemicals company's stock after buying an additional 9,343 shares during the period. South Dakota Investment Council owned 0.07% of LyondellBasell Industries worth $16,771,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LYB. Rossby Financial LCC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC raised its holdings in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 310 shares during the last quarter. Lazard Asset Management LLC increased its stake in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. Covestor Ltd increased its stake in LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 284 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in LyondellBasell Industries during the first quarter valued at about $42,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LYB shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. BMO Capital Markets lowered their price objective on LyondellBasell Industries from $65.00 to $60.00 in a research note on Friday, June 27th. Barclays reduced their target price on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, Mizuho increased their target price on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $66.00.

LyondellBasell Industries Stock Down 0.1%

Shares of LyondellBasell Industries stock traded down $0.09 during midday trading on Friday, hitting $63.21. The company's stock had a trading volume of 2,229,260 shares, compared to its average volume of 3,000,330. The firm has a market capitalization of $20.32 billion, a P/E ratio of 19.51, a PEG ratio of 2.70 and a beta of 0.82. The stock has a 50-day simple moving average of $59.51 and a 200-day simple moving average of $66.13. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. LyondellBasell Industries's revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.53 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm 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 8.67%. The ex-dividend date 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.