Wealth Alliance LLC Purchases 6,936 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Wealth Alliance LLC increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 108.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,312 shares of the specialty chemicals company's stock after buying an additional 6,936 shares during the quarter. Wealth Alliance LLC's holdings in LyondellBasell Industries were worth $937,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Dodge & Cox boosted its holdings in LyondellBasell Industries by 5.3% in the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after acquiring an additional 851,365 shares during the last quarter. Geode Capital Management LLC increased its position in shares of LyondellBasell Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after buying an additional 199,054 shares during the period. Invesco Ltd. lifted its holdings in LyondellBasell Industries by 13.5% in the fourth quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after buying an additional 694,055 shares during the period. Franklin Resources Inc. boosted its position in LyondellBasell Industries by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 2,894,956 shares of the specialty chemicals company's stock valued at $215,008,000 after acquiring an additional 19,689 shares during the last quarter. Finally, Capital World Investors grew its holdings in LyondellBasell Industries by 11.0% during the 4th quarter. Capital World Investors now owns 2,891,609 shares of the specialty chemicals company's stock worth $214,760,000 after acquiring an additional 287,028 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on LYB. Wall Street Zen cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Royal Bank Of Canada raised their price objective on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 3rd. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. UBS Group cut their target price on shares of LyondellBasell Industries from $50.00 to $49.00 and set a "sell" rating on the stock in a research note on Wednesday, July 9th. Finally, BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $65.00 to $60.00 in a research note on Friday, June 27th. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $66.00.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $63.21 on Monday. LyondellBasell Industries N.V. has a one year low of $51.11 and a one year high of $100.46. The business has a fifty day moving average of $59.51 and a 200 day moving average of $66.08. 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 firm has a market capitalization of $20.32 billion, a P/E ratio of 19.51, a PEG ratio of 2.70 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The business'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 company earned $1.53 earnings per share. As a group, sell-side analysts anticipate 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. Stockholders of record on Monday, June 2nd were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 8.67%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is currently 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.

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