TD Private Client Wealth LLC Acquires 9,630 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

TD Private Client Wealth LLC lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 32.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,447 shares of the specialty chemicals company's stock after purchasing an additional 9,630 shares during the quarter. TD Private Client Wealth LLC's holdings in LyondellBasell Industries were worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. raised its position in shares of LyondellBasell Industries by 30.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,279,572 shares of the specialty chemicals company's stock worth $90,082,000 after purchasing an additional 298,110 shares during the period. Penserra Capital Management LLC raised its position in shares of LyondellBasell Industries by 1,391.2% during the 1st quarter. Penserra Capital Management LLC now owns 10,215 shares of the specialty chemicals company's stock worth $718,000 after purchasing an additional 9,530 shares during the period. Concurrent Investment Advisors LLC grew its holdings in LyondellBasell Industries by 14.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 9,694 shares of the specialty chemicals company's stock worth $682,000 after buying an additional 1,207 shares in the last quarter. VAUGHAN & Co SECURITIES INC. grew its holdings in LyondellBasell Industries by 47.6% in the 1st quarter. VAUGHAN & Co SECURITIES INC. now owns 9,793 shares of the specialty chemicals company's stock worth $689,000 after buying an additional 3,159 shares in the last quarter. Finally, HM Payson & Co. grew its holdings in LyondellBasell Industries by 3,914.3% in the 1st quarter. HM Payson & Co. now owns 1,124 shares of the specialty chemicals company's stock worth $79,000 after buying an additional 1,096 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 4.9%

Shares of NYSE:LYB traded up $2.98 during midday trading on Tuesday, hitting $63.71. 4,049,392 shares of the stock were exchanged, compared to its average volume of 3,681,451. 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 $20.48 billion, a PE ratio of 19.66, a P/E/G ratio of 2.65 and a beta of 0.82. LyondellBasell Industries N.V. has a 52-week low of $51.11 and a 52-week high of $100.46. The business's fifty day simple moving average is $58.36 and its two-hundred day simple moving average is $66.72.

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

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 8.60%. 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 (DPR) is presently 169.14%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Bank Of America (Bofa) decreased their price objective on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Piper Sandler decreased their price objective on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. 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 report on Thursday, May 1st. Finally, Wells Fargo & Company decreased 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. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $68.31.

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.