New York State Common Retirement Fund Has $11.26 Million Position in LyondellBasell Industries N.V. (NYSE:LYB)

New York State Common Retirement Fund lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 13.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 159,897 shares of the specialty chemicals company's stock after buying an additional 18,514 shares during the quarter. New York State Common Retirement Fund's holdings in LyondellBasell Industries were worth $11,257,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LYB. Vident Advisory LLC increased its position in shares of LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock worth $1,197,000 after acquiring an additional 131 shares in the last quarter. NewSquare Capital LLC increased its holdings in LyondellBasell Industries by 0.3% in the 1st quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after buying an additional 193 shares during the period. Forza Wealth Management LLC boosted its stake in shares of LyondellBasell Industries by 1.6% in the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company's stock valued at $894,000 after purchasing an additional 200 shares in the last quarter. M&T Bank Corp lifted its position in LyondellBasell Industries by 1.1% during the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock worth $1,405,000 after buying an additional 209 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of LyondellBasell Industries by 84.9% in the 4th 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 last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LYB shares. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. UBS Group cut their target price on LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating for the company in a research note on Wednesday, July 9th. Bank Of America (Bofa) decreased their price objective on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, Piper Sandler reduced their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $66.00.

LyondellBasell Industries Trading Down 0.1%

LYB traded down $0.09 during trading on Friday, hitting $63.21. The company's stock had a trading volume of 2,229,260 shares, compared to its average volume of 3,000,330. LyondellBasell Industries N.V. has a twelve month low of $51.11 and a twelve month high of $100.46. The stock has a market cap of $20.32 billion, a PE ratio of 19.51, a PEG ratio of 2.70 and a beta of 0.82. 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 firm's 50 day moving average price is $59.51 and its 200-day moving average price is $66.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. 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 prior year, the business earned $1.53 EPS. LyondellBasell Industries's revenue was down 7.6% compared to the same quarter last year. On average, analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 8.67%. LyondellBasell Industries's 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.