LyondellBasell Industries N.V. (NYSE:LYB) Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 1,391.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,215 shares of the specialty chemicals company's stock after purchasing an additional 9,530 shares during the quarter. Penserra Capital Management LLC's holdings in LyondellBasell Industries were worth $718,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank Pictet & Cie Europe AG boosted its stake in shares of LyondellBasell Industries by 26.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock valued at $14,013,000 after acquiring an additional 39,957 shares during the last quarter. Jones Financial Companies Lllp increased its position in LyondellBasell Industries by 154.5% during the 4th quarter. Jones Financial Companies Lllp now owns 2,777 shares of the specialty chemicals company's stock worth $206,000 after purchasing an additional 1,686 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in LyondellBasell Industries during the 4th quarter worth about $3,760,000. PNC Financial Services Group Inc. increased its position in LyondellBasell Industries by 3.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 92,470 shares of the specialty chemicals company's stock worth $6,868,000 after purchasing an additional 3,449 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in LyondellBasell Industries by 7.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 34,258 shares of the specialty chemicals company's stock worth $2,544,000 after purchasing an additional 2,456 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

LYB has been the subject of a number of recent research reports. Royal Bank Of Canada lifted their price objective on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 3rd. Argus cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank Of America (Bofa) lowered their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, BMO Capital Markets lowered their price target on LyondellBasell Industries from $65.00 to $60.00 in a report on Friday, June 27th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $67.38.

LyondellBasell Industries Stock Down 2.3%

NYSE LYB traded down $1.46 on Monday, reaching $63.09. The company had a trading volume of 3,443,562 shares, compared to its average volume of 3,656,177. The firm has a market capitalization of $20.28 billion, a PE ratio of 19.47, a P/E/G ratio of 2.76 and a beta of 0.82. LyondellBasell Industries N.V. has a 1 year low of $51.11 and a 1 year high of $100.46. The firm has a 50-day moving average of $58.86 and a 200-day moving average of $66.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The company 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.53 EPS. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal 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 paid a dividend of $1.37 per share. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a dividend yield of 8.69%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is 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.