LyondellBasell Industries N.V. (NYSE:LYB) Shares Acquired by swisspartners Advisors Ltd

swisspartners Advisors Ltd raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,323 shares of the specialty chemicals company's stock after acquiring an additional 8,675 shares during the quarter. LyondellBasell Industries makes up about 6.2% of swisspartners Advisors Ltd's portfolio, making the stock its 10th biggest position. swisspartners Advisors Ltd's holdings in LyondellBasell Industries were worth $6,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LYB. Creative Financial Designs Inc. ADV raised its stake in shares of LyondellBasell Industries by 178.0% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,821 shares of the specialty chemicals company's stock worth $128,000 after acquiring an additional 1,166 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in LyondellBasell Industries by 10.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 468,630 shares of the specialty chemicals company's stock worth $32,992,000 after purchasing an additional 43,981 shares during the last quarter. Security National Bank acquired a new position in shares of LyondellBasell Industries during the first quarter worth $84,000. Perigon Wealth Management LLC lifted its holdings in shares of LyondellBasell Industries by 0.9% during the 1st quarter. Perigon Wealth Management LLC now owns 25,955 shares of the specialty chemicals company's stock valued at $1,827,000 after purchasing an additional 239 shares during the last quarter. Finally, Tyche Wealth Partners LLC boosted its position in shares of LyondellBasell Industries by 11.9% in the 1st quarter. Tyche Wealth Partners LLC now owns 3,587 shares of the specialty chemicals company's stock worth $253,000 after purchasing an additional 381 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $0.35 during trading on Friday, hitting $58.75. 4,104,071 shares of the company's stock were exchanged, compared to its average volume of 2,901,207. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.14 and a beta of 0.82. The business has a 50-day simple moving average of $57.99 and a 200-day simple moving average of $67.54. LyondellBasell Industries N.V. has a 52-week low of $51.11 and a 52-week high of $100.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm earned $1.53 EPS. On average, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.33%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Argus lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Citigroup cut their price objective on shares of 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 issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Piper Sandler dropped their target price 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, Wells Fargo & Company decreased their price target 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. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus target price of $69.75.

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.