Twelve Points Wealth Management LLC Purchases 9,051 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Twelve Points Wealth Management LLC grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 25.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,316 shares of the specialty chemicals company's stock after purchasing an additional 9,051 shares during the period. LyondellBasell Industries comprises about 0.8% of Twelve Points Wealth Management LLC's holdings, making the stock its 23rd largest holding. Twelve Points Wealth Management LLC's holdings in LyondellBasell Industries were worth $3,120,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new stake in LyondellBasell Industries during the first quarter worth about $25,000. JFS Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares during the period. Lazard Asset Management LLC boosted its holdings 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 valued at $34,000 after acquiring an additional 214 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries during the 4th quarter valued at about $37,000. Finally, Covestor Ltd boosted its holdings in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares during the period. Institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Piper Sandler lowered their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. UBS Group reduced their target price on LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating on the stock in a report on Wednesday. Bank Of America (Bofa) reduced their target price on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, Barclays reduced their target price on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $68.15.

LyondellBasell Industries Stock Down 1.1%

Shares of LyondellBasell Industries stock traded down $0.72 during midday trading on Friday, hitting $64.60. The company had a trading volume of 2,539,849 shares, compared to its average volume of 2,976,273. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. The stock has a market capitalization of $20.76 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.76 and a beta of 0.82. The company has a 50 day moving average of $58.86 and a 200 day moving average of $66.51. LyondellBasell Industries N.V. has a 52-week low of $51.11 and a 52-week high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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 business had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. During the same quarter in the prior year, the business posted $1.53 earnings per share. The business's revenue for the quarter was down 7.6% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries N.V. 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. Shareholders of record on Monday, June 2nd were paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 8.48%. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 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.