Woodmont Investment Counsel LLC Sells 173 Shares of LyondellBasell Industries (NYSE:LYB)

Woodmont Investment Counsel LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,548 shares of the specialty chemicals company’s stock after selling 173 shares during the period. Woodmont Investment Counsel LLC’s holdings in LyondellBasell Industries were worth $6,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of LyondellBasell Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after buying an additional 290,401 shares during the last quarter. Morgan Stanley raised its position in shares of LyondellBasell Industries by 9.9% during the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after purchasing an additional 569,887 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of LyondellBasell Industries by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock valued at $540,424,000 after purchasing an additional 33,212 shares during the period. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 35.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after purchasing an additional 935,430 shares during the period. Finally, Royal Bank of Canada raised its position in shares of LyondellBasell Industries by 1.6% during the 3rd quarter. Royal Bank of Canada now owns 2,528,799 shares of the specialty chemicals company’s stock valued at $239,478,000 after purchasing an additional 39,613 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.3 %

LYB traded down $0.29 during trading hours on Tuesday, hitting $94.35. 572,138 shares of the company’s stock were exchanged, compared to its average volume of 1,855,556. LyondellBasell Industries has a 12-month low of $87.91 and a 12-month high of $107.02. The firm has a 50 day moving average of $98.15 and a 200 day moving average of $98.03. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The firm has a market cap of $30.72 billion, a P/E ratio of 14.61, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 EPS. Analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Monday, June 3rd. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Barclays increased their price objective on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Citigroup upped their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets raised their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.08.

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.