11,368 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Tounjian Advisory Partners LLC

Tounjian Advisory Partners LLC purchased a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,368 shares of the specialty chemicals company's stock, valued at approximately $800,000.

A number of other institutional investors also recently made changes to their positions in LYB. Lazard Asset Management LLC increased its position in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after buying an additional 214 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in LyondellBasell Industries in the 4th quarter valued at about $37,000. Covestor Ltd increased its holdings in shares of LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 284 shares during the period. Versant Capital Management Inc raised its position in shares of LyondellBasell Industries by 127.9% in the first quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock valued at $61,000 after buying an additional 486 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of LyondellBasell Industries by 223.3% in the first quarter. UMB Bank n.a. now owns 928 shares of the specialty chemicals company's stock valued at $65,000 after buying an additional 641 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.2%

Shares of NYSE LYB traded up $0.15 during midday trading on Wednesday, reaching $60.73. The stock had a trading volume of 1,174,742 shares, compared to its average volume of 2,784,614. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company's 50 day moving average price is $57.38 and its 200 day moving average price is $69.25. The firm has a market cap of $19.52 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business's revenue was down 7.6% on a year-over-year basis. During the same period last year, the business posted $1.53 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given a $1.37 dividend. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a yield of 9.02%. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Piper Sandler reduced their price target 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. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, Barclays lowered their price target on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target 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.