MQS Management LLC Purchases New Position in LyondellBasell Industries N.V. (NYSE:LYB)

MQS Management LLC acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,180 shares of the specialty chemicals company's stock, valued at approximately $505,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC raised its position in LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after acquiring an additional 310 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in LyondellBasell Industries by 84.9% in the fourth 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. Covestor Ltd boosted its position in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 284 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth $42,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

LYB has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Finally, Royal Bank Of Canada upped their target price on 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $68.15.

LyondellBasell Industries Trading Down 1.1%

NYSE LYB opened at $64.60 on Monday. The company has a market cap 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. LyondellBasell Industries N.V. has a 12 month low of $51.11 and a 12 month high of $100.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04. The company has a 50-day moving average of $58.86 and a 200-day moving average of $66.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share 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 analysts' expectations of $7.69 billion. During the same period in the prior year, the business earned $1.53 EPS. The business's revenue for the quarter was down 7.6% on a year-over-year basis. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders 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 yield of 8.48%. The ex-dividend date of this dividend was Monday, June 2nd. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio is 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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