U.S. Capital Wealth Advisors LLC Raises Stock Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

U.S. Capital Wealth Advisors LLC raised its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 121.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,974 shares of the specialty chemicals company's stock after buying an additional 7,671 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in LyondellBasell Industries were worth $984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proficio Capital Partners LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $3,760,000. GAMMA Investing LLC boosted its position in shares of LyondellBasell Industries by 56.7% during the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock worth $212,000 after purchasing an additional 1,091 shares during the period. Farther Finance Advisors LLC boosted its position in shares of LyondellBasell Industries by 28.3% during the 1st quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock worth $642,000 after purchasing an additional 2,021 shares during the period. Townsend & Associates Inc boosted its position in shares of LyondellBasell Industries by 28.1% during the 1st quarter. Townsend & Associates Inc now owns 29,019 shares of the specialty chemicals company's stock worth $2,043,000 after purchasing an additional 6,371 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of LyondellBasell Industries during the 1st quarter worth approximately $442,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Barclays dropped their target price on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Bank Of America (Bofa) dropped their target price on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. Finally, Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have given 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 target price of $68.15.

LyondellBasell Industries Stock Down 1.1%

LYB stock traded down $0.72 during trading on Friday, hitting $64.60. 2,539,849 shares of the company's stock were exchanged, compared to its average volume of 2,976,273. The business has a 50-day moving average price of $58.86 and a two-hundred day moving average price of $66.51. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.76 and a beta of 0.82. LyondellBasell Industries N.V. has a 52-week low of $51.11 and a 52-week high of $100.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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). The business had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. LyondellBasell Industries's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors 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 was Monday, June 2nd. This represents a $5.48 annualized dividend and a yield of 8.48%. LyondellBasell Industries's payout ratio is presently 169.14%.

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.