Old North State Wealth Management LLC Buys 6,549 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Old North State Wealth Management LLC increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 20.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,217 shares of the specialty chemicals company's stock after buying an additional 6,549 shares during the period. LyondellBasell Industries comprises approximately 1.5% of Old North State Wealth Management LLC's portfolio, making the stock its 24th largest position. Old North State Wealth Management LLC's holdings in LyondellBasell Industries were worth $2,765,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC boosted its position in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 310 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in LyondellBasell Industries during the 4th quarter worth approximately $37,000. Lazard Asset Management LLC boosted its position in LyondellBasell Industries by 84.9% during the 4th 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 period. Covestor Ltd boosted its position in 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 buying an additional 284 shares during the period. Finally, Versant Capital Management Inc boosted its position in LyondellBasell Industries by 127.9% during the 1st quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock worth $61,000 after buying an additional 486 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $58.29 on Friday. The firm has a market capitalization of $18.74 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.14 and a beta of 0.82. The firm has a fifty day simple moving average of $57.99 and a two-hundred day simple moving average of $67.54. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 12 month low of $51.11 and a 12 month high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The business's revenue was down 7.6% compared to the same quarter last year. Analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $1.37 dividend. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 9.40%. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LYB. BMO Capital Markets dropped their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. Citigroup dropped their price target on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Piper Sandler dropped their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $69.75.

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.

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