Cwm LLC Purchases 59,520 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

CWM LLC raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 634.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 68,896 shares of the specialty chemicals company's stock after acquiring an additional 59,520 shares during the period. CWM LLC's holdings in LyondellBasell Industries were worth $4,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. M&T Bank Corp lifted its stake in shares of LyondellBasell Industries by 1.1% in the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock worth $1,405,000 after purchasing an additional 209 shares during the period. GAMMA Investing LLC lifted its stake in shares of LyondellBasell Industries by 56.7% in the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock worth $212,000 after purchasing an additional 1,091 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of LyondellBasell Industries by 28.3% in the 1st quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock worth $642,000 after purchasing an additional 2,021 shares during the period. Townsend & Associates Inc lifted its stake in shares of LyondellBasell Industries by 28.1% in the 1st quarter. Townsend & Associates Inc now owns 29,019 shares of the specialty chemicals company's stock worth $2,043,000 after purchasing an additional 6,371 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $442,000. Institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

LYB has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Mizuho raised their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Wells Fargo & Company raised their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set 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 issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $66.00.

LyondellBasell Industries Trading Down 0.1%

NYSE:LYB traded down $0.09 during mid-day trading on Friday, hitting $63.21. 2,228,974 shares of the stock traded hands, compared to its average volume of 2,985,798. 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 52 week low of $51.11 and a 52 week high of $100.46. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 2.66 and a beta of 0.82. The firm's 50 day moving average is $59.39 and its two-hundred day moving average is $66.26.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the prior year, the company posted $1.53 EPS. The company's quarterly revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $1.37 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 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.