Nisa Investment Advisors LLC Raises Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Nisa Investment Advisors LLC grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 19.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,246 shares of the specialty chemicals company's stock after purchasing an additional 3,985 shares during the period. Nisa Investment Advisors LLC's holdings in LyondellBasell Industries were worth $1,707,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vident Advisory LLC increased its stake in LyondellBasell Industries by 0.8% during 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 during the last quarter. NewSquare Capital LLC increased its position in shares of LyondellBasell Industries by 0.3% during the 1st quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after purchasing an additional 193 shares during the last quarter. M&T Bank Corp raised its holdings 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 valued at $1,405,000 after buying an additional 209 shares during the period. Lazard Asset Management LLC lifted its position 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 worth $34,000 after buying an additional 214 shares during the last quarter. Finally, Portside Wealth Group LLC boosted its stake in LyondellBasell Industries by 2.9% during the first quarter. Portside Wealth Group LLC now owns 7,972 shares of the specialty chemicals company's stock worth $592,000 after buying an additional 223 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. 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. Wall Street Zen downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. The Goldman Sachs Group reduced their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. Finally, Piper Sandler decreased their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $67.38.

LyondellBasell Industries Stock Down 2.3%

Shares of LYB stock traded down $1.46 on Monday, hitting $63.09. The stock had a trading volume of 3,446,814 shares, compared to its average volume of 3,662,418. LyondellBasell Industries N.V. has a one year low of $51.11 and a one year high of $100.46. The business has a 50 day moving average price of $58.86 and a 200 day moving average price of $66.46. The company has a market cap of $20.28 billion, a PE ratio of 19.47, a P/E/G ratio of 2.76 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87.

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

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a $1.37 dividend. The ex-dividend date was Monday, June 2nd. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.69%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 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.