Keybank National Association OH decreased its stake in LyondellBasell Industries NV (NYSE:LYB) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 115,110 shares of the specialty chemicals company’s stock after selling 1,142 shares during the period. Keybank National Association OH’s holdings in LyondellBasell Industries were worth $9,678,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its stake in LyondellBasell Industries by 10.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 124,877 shares of the specialty chemicals company’s stock valued at $10,385,000 after acquiring an additional 11,374 shares in the last quarter. TIAA FSB lifted its position in LyondellBasell Industries by 7.2% during the first quarter. TIAA FSB now owns 95,721 shares of the specialty chemicals company’s stock valued at $8,048,000 after purchasing an additional 6,425 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in LyondellBasell Industries by 1.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,982 shares of the specialty chemicals company’s stock valued at $1,080,000 after purchasing an additional 232 shares during the last quarter. Oakbrook Investments LLC bought a new stake in LyondellBasell Industries during the first quarter valued at approximately $985,000. Finally, First Mercantile Trust Co. lifted its position in LyondellBasell Industries by 60.8% during the fourth quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock valued at $68,000 after purchasing an additional 310 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of LYB traded up $0.11 during mid-day trading on Friday, reaching $86.50. The company’s stock had a trading volume of 2,327,238 shares, compared to its average volume of 2,622,940. LyondellBasell Industries NV has a 52 week low of $73.94 and a 52 week high of $117.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a market cap of $31.99 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.06 and a beta of 1.18.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same period in the prior year, the business posted $3.11 EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. As a group, equities research analysts predict that LyondellBasell Industries NV will post 10.35 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.20 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Friday, June 7th. LyondellBasell Industries’s dividend payout ratio is currently 37.27%.
Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a research report on Tuesday. Alembic Global Advisors set a $120.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a research report on Friday, April 26th. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $87.00 to $113.00 in a research report on Monday, April 15th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 target price for the company in a research report on Tuesday, April 2nd. Finally, Goldman Sachs Group upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $104.00 to $125.00 in a research report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. LyondellBasell Industries currently has an average rating of “Buy” and an average target price of $112.13.
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LyondellBasell Industries Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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