Wealthfront Advisers LLC Has $5.84 Million Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Wealthfront Advisers LLC increased its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 21.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 82,984 shares of the specialty chemicals company's stock after purchasing an additional 14,920 shares during the period. Wealthfront Advisers LLC's holdings in LyondellBasell Industries were worth $5,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. M&T Bank Corp boosted its stake in LyondellBasell Industries by 1.1% in the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock worth $1,405,000 after purchasing an additional 209 shares during the period. GAMMA Investing LLC boosted its stake in LyondellBasell Industries by 56.7% in 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 stake 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 buying an additional 2,021 shares during the last quarter. Townsend & Associates Inc boosted its stake 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 buying an additional 6,371 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth about $442,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

LYB stock traded up $0.93 during mid-day trading on Thursday, hitting $63.35. 2,338,499 shares of the company were exchanged, compared to its average volume of 2,988,825. The business has a 50 day simple moving average of $59.27 and a 200-day simple moving average of $66.33. 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 capitalization of $20.36 billion, a PE ratio of 19.55, a price-to-earnings-growth ratio of 2.66 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.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The company's revenue was down 7.6% on a year-over-year basis. During the same quarter last year, the business earned $1.53 earnings per share. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were given a dividend of $1.37 per share. The ex-dividend date was Monday, June 2nd. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a yield of 8.65%. LyondellBasell Industries's dividend payout ratio (DPR) is 169.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LYB shares. Wells Fargo & Company increased their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Barclays reduced their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Finally, BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $65.00 to $60.00 in a research note on Friday, June 27th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, 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.