Universal Beteiligungs und Servicegesellschaft mbH Has $14.08 Million Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 8.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 199,968 shares of the specialty chemicals company's stock after acquiring an additional 15,551 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.06% of LyondellBasell Industries worth $14,078,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in LYB. Ensign Peak Advisors Inc raised its holdings in shares of LyondellBasell Industries by 207.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock valued at $167,448,000 after buying an additional 1,522,043 shares during the last quarter. Norges Bank acquired a new stake in LyondellBasell Industries during the 4th quarter worth approximately $81,015,000. Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after purchasing an additional 851,365 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of LyondellBasell Industries by 35.9% in the 4th quarter. Wellington Management Group LLP now owns 2,870,666 shares of the specialty chemicals company's stock valued at $213,204,000 after purchasing an additional 757,612 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of LyondellBasell Industries by 13.5% during the fourth 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 last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 1.3%

LyondellBasell Industries stock traded down $0.85 during mid-day trading on Monday, hitting $63.17. 1,655,835 shares of the company's stock were exchanged, compared to its average volume of 3,667,455. 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 stock has a market cap of $20.30 billion, a P/E ratio of 19.54, a P/E/G ratio of 3.75 and a beta of 0.82. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46. The stock has a 50 day moving average of $59.95 and a two-hundred day moving average of $65.76.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results 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). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the business posted $1.53 EPS. The firm's quarterly revenue was down 7.6% on a year-over-year basis. As a group, analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal 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 issued a dividend of $1.37 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 8.68%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

Analysts Set New Price Targets

Several brokerages have issued reports on LYB. Argus cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Mizuho boosted their price objective on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Royal Bank Of Canada increased their target price on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Finally, The Goldman Sachs Group cut their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $66.00.

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.