Steel Grove Capital Advisors LLC Has $1.72 Million Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Steel Grove Capital Advisors LLC grew its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 55.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,456 shares of the specialty chemicals company's stock after purchasing an additional 8,709 shares during the period. Steel Grove Capital Advisors LLC's holdings in LyondellBasell Industries were worth $1,722,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LYB. Ensign Peak Advisors Inc raised its holdings in LyondellBasell Industries by 207.8% during the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock worth $167,448,000 after acquiring an additional 1,522,043 shares in the last quarter. Amundi raised its holdings in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after acquiring an additional 1,260,913 shares in the last quarter. Norges Bank bought a new stake in LyondellBasell Industries during the fourth quarter worth about $81,015,000. Raymond James Financial Inc. bought a new stake in LyondellBasell Industries during the fourth quarter worth about $69,115,000. Finally, Dodge & Cox raised its holdings in 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 acquiring an additional 851,365 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $0.36 on Friday, hitting $58.28. The company's stock had a trading volume of 7,961,657 shares, compared to its average volume of 2,877,030. LyondellBasell Industries N.V. has a one year low of $51.11 and a one year high of $100.46. The stock has a fifty day moving average of $57.90 and a two-hundred day moving average of $68.01. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $18.73 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same period in the previous year, the company posted $1.53 EPS. LyondellBasell Industries's revenue for the quarter was down 7.6% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current 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 given a $1.37 dividend. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. BMO Capital Markets dropped their target price on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Citigroup dropped their target price on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. UBS Group reiterated a "sell" rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Finally, 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 report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and a consensus target price of $69.75.

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.