Pekin Hardy Strauss Inc. Grows Stock Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

Pekin Hardy Strauss Inc. raised its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 102.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,829 shares of the specialty chemicals company's stock after acquiring an additional 34,752 shares during the period. Pekin Hardy Strauss Inc.'s holdings in LyondellBasell Industries were worth $4,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Ensign Peak Advisors Inc increased its holdings in shares of LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock valued at $167,448,000 after acquiring an additional 1,522,043 shares during the period. Amundi increased its holdings in shares of LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after acquiring an additional 1,260,913 shares during the period. Norges Bank acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $81,015,000. Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $69,115,000. Finally, Dodge & Cox boosted its stake in shares of LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after buying an additional 851,365 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Barclays dropped their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. Bank Of America (Bofa) dropped their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. Finally, BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $65.00 to $60.00 in a research report on Friday, June 27th. Three 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 issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $68.31.

LyondellBasell Industries Price Performance

Shares of LYB traded down $1.22 during mid-day trading on Monday, reaching $60.79. 2,982,215 shares of the company's stock were exchanged, compared to its average volume of 2,943,510. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $58.32 and a two-hundred day simple moving average of $66.81. LyondellBasell Industries N.V. has a 52-week low of $51.11 and a 52-week high of $100.46. The company has a market cap of $19.54 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.65 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm 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%. The firm's revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.53 earnings per share. On average, sell-side analysts predict 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. Shareholders of record on Monday, June 2nd were paid a $1.37 dividend. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a yield of 9.01%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's payout ratio is presently 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.