MADDEN SECURITIES Corp Purchases 6,380 Shares of LyondellBasell Industries (NYSE:LYB)

MADDEN SECURITIES Corp boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,335 shares of the specialty chemicals company's stock after buying an additional 6,380 shares during the quarter. LyondellBasell Industries makes up about 1.1% of MADDEN SECURITIES Corp's portfolio, making the stock its 27th biggest position. MADDEN SECURITIES Corp's holdings in LyondellBasell Industries were worth $2,840,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Dodge & Cox increased its holdings in shares of LyondellBasell Industries by 5.3% in the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after purchasing an additional 851,365 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after buying an additional 558,137 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of LyondellBasell Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after purchasing an additional 199,054 shares during the last quarter. Invesco Ltd. increased its holdings in shares of LyondellBasell Industries by 13.5% during the fourth quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after buying an additional 694,055 shares in the last quarter. Finally, Amundi raised its stake in shares of LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after acquiring an additional 1,260,913 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Stock Up 3.7%

Shares of NYSE LYB traded up $2.14 during mid-day trading on Tuesday, reaching $60.62. The company had a trading volume of 7,667,875 shares, compared to its average volume of 2,786,924. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.46. The stock's 50 day moving average is $57.43 and its 200-day moving average is $69.31. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market capitalization of $19.48 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results 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). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The company's revenue was down 7.6% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently announced 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 represents a $5.48 dividend on an annualized basis and a yield of 9.04%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on LYB shares. BMO Capital Markets lowered their price objective on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Barclays cut their price target 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. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Wall Street Zen lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, UBS Group reissued a "sell" rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $69.75.

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.