Moloney Securities Asset Management LLC Acquires New Position in LyondellBasell Industries N.V. (NYSE:LYB)

Moloney Securities Asset Management LLC acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,851 shares of the specialty chemicals company's stock, valued at approximately $1,398,000.

Other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $3,760,000. GAMMA Investing LLC raised its position in shares of LyondellBasell Industries by 56.7% during the first quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock valued at $212,000 after buying an additional 1,091 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of LyondellBasell Industries by 28.3% during the first quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock valued at $642,000 after buying an additional 2,021 shares during the last quarter. Townsend & Associates Inc raised its position in shares of LyondellBasell Industries by 28.1% during the first quarter. Townsend & Associates Inc now owns 29,019 shares of the specialty chemicals company's stock valued at $2,043,000 after buying an additional 6,371 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of LyondellBasell Industries during the first quarter valued at about $442,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Analysts Set New Price Targets

LYB has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. UBS Group lowered their target price on shares of LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Barclays lowered their target price 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, Royal Bank Of Canada upped their target price on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the company a "sector perform" rating in a research note on Thursday, July 3rd. Three 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 company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $68.15.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $0.72 during trading hours on Friday, hitting $64.60. 2,539,849 shares of the stock were exchanged, compared to its average volume of 2,976,273. LyondellBasell Industries N.V. has a 12 month low of $51.11 and a 12 month high of $100.46. The business's 50-day moving average is $58.86 and its two-hundred day moving average is $66.51. The stock has a market capitalization of $20.76 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.76 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83.

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

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.48%. This is a positive change 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%.

About LyondellBasell Industries

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.