NBC Securities Inc. Raises Stake in LyondellBasell Industries (NYSE:LYB)

NBC Securities Inc. boosted its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 117,766.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,680 shares of the specialty chemicals company's stock after purchasing an additional 17,665 shares during the period. NBC Securities Inc.'s holdings in LyondellBasell Industries were worth $1,244,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Future Financial Wealth Managment LLC increased its position in shares of LyondellBasell Industries by 130.0% in the 1st quarter. Future Financial Wealth Managment LLC now owns 3,450 shares of the specialty chemicals company's stock valued at $243,000 after acquiring an additional 1,950 shares during the period. Czech National Bank raised its position in LyondellBasell Industries by 5.7% during the 1st quarter. Czech National Bank now owns 59,534 shares of the specialty chemicals company's stock worth $4,191,000 after buying an additional 3,203 shares during the last quarter. Rhumbline Advisers lifted its stake in LyondellBasell Industries by 7.8% during the 1st quarter. Rhumbline Advisers now owns 500,901 shares of the specialty chemicals company's stock valued at $35,263,000 after acquiring an additional 36,303 shares during the period. Parallel Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 23.4% in the 1st quarter. Parallel Advisors LLC now owns 5,908 shares of the specialty chemicals company's stock valued at $416,000 after acquiring an additional 1,119 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of LyondellBasell Industries by 10,932.0% in the 1st quarter. GAMMA Investing LLC now owns 212,256 shares of the specialty chemicals company's stock valued at $14,943,000 after acquiring an additional 210,332 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research reports. BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Barclays decreased their price objective 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. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $69.75.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Price Performance

NYSE LYB traded up $1.03 on Friday, hitting $56.63. The company had a trading volume of 3,663,145 shares, compared to its average volume of 2,747,293. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company's fifty day moving average price is $57.67 and its 200-day moving average price is $69.67. The company has a market capitalization of $18.20 billion, a PE ratio of 13.68, a PEG ratio of 0.97 and a beta of 0.82. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $100.46.

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 the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.53 EPS. As a group, analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.68%. The ex-dividend date is Monday, June 2nd. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is 169.14%.

LyondellBasell Industries Company 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.