LyondellBasell Industries N.V. (NYSE:LYB) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC increased its stake in LyondellBasell Industries by 8.7% during the 1st quarter, owning about 0.19% of the company valued at $44.07 million.
• LyondellBasell's stock has recently seen a decline, with shares down 7.8%, trading at $53.41, while analysts issued varied ratings from sell to strong buy.
• The company declared a quarterly dividend of $1.37, resulting in a 10.3% yield, marking an increase from the previous quarterly dividend, with a payout ratio of 169.14%.

LPL Financial LLC increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 626,028 shares of the specialty chemicals company's stock after acquiring an additional 49,912 shares during the quarter. LPL Financial LLC owned about 0.19% of LyondellBasell Industries worth $44,072,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rossby Financial LCC acquired a new position in LyondellBasell Industries in the first quarter valued at $25,000. JFS Wealth Advisors LLC increased its position in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares during the period. Investment Management Corp VA ADV increased its position in LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 261 shares during the period. Lazard Asset Management LLC increased its position in LyondellBasell Industries by 84.9% in the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares during the period. Finally, Covestor Ltd increased its position in LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on LYB shares. Piper Sandler dropped their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada upped their price objective on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 3rd. The Goldman Sachs Group dropped their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. Barclays dropped their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Finally, Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and a consensus price target of $66.00.

LyondellBasell Industries Stock Down 7.8%

Shares of NYSE LYB opened at $53.41 on Friday. 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 $99.36. The firm has a 50-day moving average price of $60.13 and a 200 day moving average price of $65.35. The stock has a market capitalization of $17.17 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 3.39 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. LyondellBasell Industries's revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.24 earnings per share. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 10.3%. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio 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.

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