Woodmont Investment Counsel LLC Boosts Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Woodmont Investment Counsel LLC raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 15.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,502 shares of the specialty chemicals company's stock after acquiring an additional 13,249 shares during the quarter. Woodmont Investment Counsel LLC's holdings in LyondellBasell Industries were worth $7,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% during the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after purchasing an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after buying an additional 558,137 shares during the period. Geode Capital Management LLC increased its holdings in LyondellBasell Industries by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after buying an additional 199,054 shares in the last quarter. Invesco Ltd. lifted its position in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after acquiring an additional 694,055 shares during the period. Finally, Amundi boosted its stake in shares of LyondellBasell Industries by 48.6% during the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after acquiring an additional 1,260,913 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. UBS Group reaffirmed a "sell" rating and issued a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Finally, Barclays lowered their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Three equities 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 given a strong buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Stock Down 0.6%

Shares of NYSE LYB opened at $58.28 on Friday. The stock has a market capitalization of $18.73 billion, a PE ratio of 17.99, a P/E/G ratio of 2.18 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $57.90 and a 200-day moving average of $68.08. 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 posted its earnings results 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). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The business had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same period last year, the company posted $1.53 EPS. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. On average, analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $1.37 dividend. The ex-dividend date was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.40%. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is 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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