Marietta Investment Partners LLC raised its position in LyondellBasell Industries NV (NYSE:LYB) by 83.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,020 shares of the specialty chemicals company’s stock after buying an additional 2,730 shares during the period. Marietta Investment Partners LLC’s holdings in LyondellBasell Industries NV were worth $549,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in shares of LyondellBasell Industries NV during the fourth quarter worth about $108,000. TrimTabs Asset Management LLC boosted its stake in LyondellBasell Industries NV by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,358 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 640 shares during the period. Focused Wealth Management Inc acquired a new stake in LyondellBasell Industries NV during the fourth quarter worth $163,000. Americafirst Capital Management LLC boosted its stake in LyondellBasell Industries NV by 72.9% in the first quarter. Americafirst Capital Management LLC now owns 2,186 shares of the specialty chemicals company’s stock worth $199,000 after buying an additional 922 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in LyondellBasell Industries NV during the fourth quarter worth $203,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.
LyondellBasell Industries NV (NYSE LYB) traded up 0.75% during trading on Thursday, reaching $80.17. 295,499 shares of the company were exchanged. LyondellBasell Industries NV has a 52-week low of $69.82 and a 52-week high of $97.64. The firm has a market cap of $32.29 billion, a price-to-earnings ratio of 9.17 and a beta of 1.04. The firm has a 50-day moving average of $81.10 and a 200-day moving average of $87.57.
LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by $0.36. LyondellBasell Industries NV had a net margin of 11.67% and a return on equity of 60.80%. The firm had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same period in the previous year, the company posted $2.48 EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries NV will post $9.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Monday, June 5th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.52%. The ex-dividend date was Thursday, June 1st. This is an increase from LyondellBasell Industries NV’s previous quarterly dividend of $0.85. LyondellBasell Industries NV’s dividend payout ratio is presently 41.33%.
A number of equities research analysts have recently weighed in on the company. Jefferies Group LLC reaffirmed a “hold” rating and set a $88.00 price target on shares of LyondellBasell Industries NV in a report on Friday, June 16th. Vertical Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, May 9th. Bank of America Corporation cut LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and cut their price target for the company from $98.00 to $70.00 in a report on Monday, May 8th. Instinet cut their price target on LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating on the stock in a report on Monday, May 1st. Finally, Citigroup Inc. reaffirmed an “overweight” rating on shares of LyondellBasell Industries NV in a report on Friday, April 14th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $91.00.
About LyondellBasell Industries NV
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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