599,602 Shares in LyondellBasell Industries (NYSE:LYB) Bought by Ilex Capital Partners UK LLP

Ilex Capital Partners UK LLP purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 599,602 shares of the specialty chemicals company’s stock, valued at approximately $61,327,000. LyondellBasell Industries makes up approximately 6.0% of Ilex Capital Partners UK LLP’s holdings, making the stock its 6th biggest holding. Ilex Capital Partners UK LLP owned 0.18% of LyondellBasell Industries at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. McIlrath & Eck LLC increased its stake in LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares during the last quarter. Heritage Wealth Advisors bought a new position in LyondellBasell Industries in the 4th quarter worth about $27,000. Chilton Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter worth about $27,000. Gold Investment Management Ltd. bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at about $28,000. Finally, Venturi Wealth Management LLC increased its position in shares of LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 242 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.9 %

Shares of LYB traded up $0.87 on Tuesday, reaching $98.26. The stock had a trading volume of 1,152,115 shares, compared to its average volume of 1,780,610. The firm has a market capitalization of $32.00 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.20 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. The company has a 50-day simple moving average of $96.05 and a 200-day simple moving average of $98.04. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its 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 company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 EPS. Sell-side analysts predict that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LYB. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. BMO Capital Markets increased their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. Barclays increased their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Royal Bank of Canada increased their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $105.17.

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.