Vontobel Holding Ltd. Cuts Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

Vontobel Holding Ltd. trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 66.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,895 shares of the specialty chemicals company's stock after selling 7,555 shares during the period. Vontobel Holding Ltd.'s holdings in LyondellBasell Industries were worth $274,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Proficio Capital Partners LLC purchased a new stake in LyondellBasell Industries during the fourth quarter worth about $3,760,000. M&T Bank Corp increased its holdings in LyondellBasell Industries by 2.4% during the fourth quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company's stock worth $1,467,000 after buying an additional 461 shares during the last quarter. GAMMA Investing LLC increased its holdings in LyondellBasell Industries by 56.7% during the first quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock worth $212,000 after buying an additional 1,091 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of LyondellBasell Industries by 28.3% in the first 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 in the last quarter. Finally, Townsend & Associates Inc increased its stake in shares of LyondellBasell Industries by 28.1% in the first 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 in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 1.1%

LYB traded down $0.72 during midday trading on Friday, reaching $64.60. 2,539,849 shares of the company's stock traded hands, compared to its average volume of 2,968,977. The firm has a fifty day moving average of $58.86 and a two-hundred day moving average of $66.56. The stock has a market capitalization of $20.76 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.79 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04. 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 announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the prior year, the company posted $1.53 EPS. The firm's revenue was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a $1.37 dividend. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 8.48%. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio is currently 169.14%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. BMO Capital Markets cut their price objective on shares of LyondellBasell Industries from $65.00 to $60.00 in a research report on Friday, June 27th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Citigroup decreased their price target on shares of LyondellBasell Industries from $58.00 to $56.00 in a report on Wednesday, June 11th. Finally, The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average target price of $68.15.

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.