Victory Capital Management Inc. Has $64.54 Million Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

Victory Capital Management Inc. boosted its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 916,693 shares of the specialty chemicals company's stock after acquiring an additional 27,394 shares during the quarter. Victory Capital Management Inc. owned 0.28% of LyondellBasell Industries worth $64,535,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LYB. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries during the 1st quarter valued at $25,000. JFS Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 310 shares during the period. Lazard Asset Management LLC increased its position in shares of 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 purchasing an additional 214 shares during the period. Covestor Ltd increased its position in shares of 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 purchasing an additional 284 shares during the period. Finally, TruNorth Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter valued at $42,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a report on Thursday, July 3rd. BMO Capital Markets decreased their target price on LyondellBasell Industries from $65.00 to $60.00 in a report on Friday, June 27th. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, Piper Sandler decreased their target price on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $66.00.

LyondellBasell Industries Stock Down 0.1%

LYB traded down $0.09 during trading on Friday, reaching $63.21. 2,229,260 shares of the stock traded hands, compared to its average volume of 3,000,330. The stock has a market cap of $20.32 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.70 and a beta of 0.82. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04. The stock's 50-day simple moving average is $59.51 and its two-hundred day simple moving average is $66.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. LyondellBasell Industries's revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $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 company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given 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 of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a yield of 8.67%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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.