PNC Financial Services Group Inc. Has $7.17 Million Position in LyondellBasell Industries N.V. (NYSE:LYB)

PNC Financial Services Group Inc. raised its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,865 shares of the specialty chemicals company's stock after buying an additional 9,395 shares during the period. PNC Financial Services Group Inc.'s holdings in LyondellBasell Industries were worth $7,171,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after buying an additional 851,365 shares in the last quarter. Invesco Ltd. raised its holdings in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after purchasing an additional 694,055 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of LyondellBasell Industries by 12.7% in the 1st quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company's stock valued at $333,994,000 after purchasing an additional 534,456 shares during the last quarter. Capital World Investors boosted its holdings in LyondellBasell Industries by 11.0% in the fourth quarter. Capital World Investors now owns 2,891,609 shares of the specialty chemicals company's stock worth $214,760,000 after purchasing an additional 287,028 shares in the last quarter. Finally, Northern Trust Corp increased its position in LyondellBasell Industries by 10.0% during the fourth quarter. Northern Trust Corp now owns 2,726,246 shares of the specialty chemicals company's stock worth $202,478,000 after buying an additional 247,336 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of LYB traded down $1.13 during mid-day trading on Friday, reaching $49.04. The company had a trading volume of 3,648,130 shares, compared to its average volume of 5,260,149. The company's 50-day moving average is $59.46 and its 200-day moving average is $64.34. LyondellBasell Industries N.V. has a twelve month low of $48.90 and a twelve month high of $99.36. The company has a market capitalization of $15.77 billion, a P/E ratio of 63.69, a P/E/G ratio of 3.18 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the business posted $2.24 earnings per share. The firm's revenue was down 11.8% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th will be issued a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.2%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Analysts Set New Price Targets

Several analysts have recently issued reports on LYB shares. Barclays decreased their price target on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. UBS Group reduced their price objective on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Finally, Citigroup dropped their target price on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $63.08.

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.