Oliver Luxxe Assets LLC Has $2.27 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Oliver Luxxe Assets LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 2.0% in the first quarter, HoldingsChannel.com reports. The firm owned 22,148 shares of the specialty chemicals company’s stock after selling 453 shares during the period. Oliver Luxxe Assets LLC’s holdings in LyondellBasell Industries were worth $2,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LYB. McIlrath & Eck LLC boosted its holdings in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares during the last quarter. Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $27,000. Gold Investment Management Ltd. purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC boosted its position in LyondellBasell Industries by 410.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 242 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in LyondellBasell Industries in the 4th quarter valued at $37,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LYB. Citigroup lifted their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Barclays increased their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. BMO Capital Markets raised their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Finally, Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Price Performance

NYSE LYB traded down $1.01 on Monday, hitting $94.65. The stock had a trading volume of 495,753 shares, compared to its average volume of 1,858,953. The firm has a 50-day moving average of $98.15 and a 200-day moving average of $98.03. The company has a market capitalization of $30.82 billion, a price-to-earnings ratio of 14.64, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 52-week low of $87.91 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 earnings per share. Equities analysts expect that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a $1.34 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

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.