Leo Wealth LLC Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Leo Wealth LLC boosted its stake in LyondellBasell Industries (NYSE:LYB) by 11.0% during the first quarter, HoldingsChannel reports. The firm owned 2,344 shares of the specialty chemicals company’s stock after buying an additional 233 shares during the period. Leo Wealth LLC’s holdings in LyondellBasell Industries were worth $239,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Capital World Investors purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $197,305,000. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 35.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after acquiring an additional 935,430 shares in the last quarter. Norges Bank bought a new position in LyondellBasell Industries in the fourth quarter valued at $82,854,000. Allianz Asset Management GmbH raised its position in LyondellBasell Industries by 826.1% during the fourth quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock valued at $38,911,000 after purchasing an additional 365,050 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd lifted its stake in LyondellBasell Industries by 42.2% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,010,494 shares of the specialty chemicals company’s stock worth $96,077,000 after purchasing an additional 300,106 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Down 1.2 %

Shares of NYSE:LYB traded down $1.19 during midday trading on Friday, hitting $97.00. 1,343,939 shares of the stock traded hands, compared to its average volume of 1,812,639. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $96.66 and its two-hundred day moving average is $97.94. The stock has a market capitalization of $31.59 billion, a PE ratio of 14.96, a P/E/G ratio of 1.20 and a beta of 1.09. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. LyondellBasell Industries’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.50 EPS. As a group, research analysts forecast that LyondellBasell Industries will post 8.4 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a yield of 5.53%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is 82.84%.

Analyst Ratings Changes

Several brokerages have recently commented on LYB. Citigroup increased their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Barclays boosted their price objective on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Royal Bank of Canada increased their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Mizuho boosted their price target on shares of 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, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.77.

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.