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

Tounjian Advisory Partners LLC purchased a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the 1st quarter, according to the company in 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.

Several other hedge funds have also made changes to their positions in LYB. Dodge & Cox lifted its holdings in LyondellBasell Industries by 5.3% in the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after acquiring an additional 851,365 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after purchasing an additional 558,137 shares during the period. Geode Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after purchasing an additional 199,054 shares during the last quarter. Invesco Ltd. grew its holdings in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after purchasing an additional 694,055 shares during the period. Finally, Amundi raised its holdings in LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after buying an additional 1,260,913 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Up 3.7%

Shares of NYSE:LYB traded up $2.14 during trading hours on Tuesday, reaching $60.62. The stock had a trading volume of 7,667,875 shares, compared to its average volume of 2,786,923. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $100.46. The firm's 50 day moving average is $57.43 and its 200-day moving average is $69.31. The stock has a market capitalization of $19.48 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 0.97 and a beta of 0.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

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 3.39% and a return on equity of 15.97%. The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. During the same period last year, the company earned $1.53 EPS. The business's quarterly revenue was down 7.6% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries will post 6.31 earnings per share 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 given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 9.04%. The ex-dividend date was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is 169.14%.

Insider Buying and Selling

In related news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Finally, Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Company 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.