Penserra Capital Management LLC Boosts Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Penserra Capital Management LLC raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 1,391.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,215 shares of the specialty chemicals company's stock after buying an additional 9,530 shares during the quarter. Penserra Capital Management LLC's holdings in LyondellBasell Industries were worth $718,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Rossby Financial LCC purchased a new stake in LyondellBasell Industries during the 1st quarter valued at about $25,000. JFS Wealth Advisors LLC raised its holdings in LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Lazard Asset Management LLC lifted its position in LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after buying an additional 214 shares during the period. Covestor Ltd boosted its holdings in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after buying an additional 284 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of LyondellBasell Industries by 127.9% in 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.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent research reports. Citigroup lowered their target price on shares of LyondellBasell Industries from $58.00 to $56.00 in a report on Wednesday, June 11th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $68.15.

LyondellBasell Industries Price Performance

LYB traded down $0.72 on Friday, hitting $64.60. 2,539,849 shares of the company's stock traded hands, compared to its average volume of 3,494,892. The firm has a market cap of $20.76 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 2.79 and a beta of 0.82. 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 one year low of $51.11 and a one year high of $100.46. The company's 50 day simple moving average is $58.73 and its 200-day simple moving average is $66.63.

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 (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 during the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The business's revenue was down 7.6% on a year-over-year basis. As a group, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 8.48%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is currently 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.