6,175 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Keynote Financial Services LLC

Keynote Financial Services LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 6,175 shares of the specialty chemicals company’s stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. Capital World Investors acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $197,305,000. Norges Bank acquired a new position in LyondellBasell Industries in the 4th quarter valued at about $82,854,000. Ilex Capital Partners UK LLP acquired a new position in LyondellBasell Industries in the 1st quarter valued at about $61,327,000. Allianz Asset Management GmbH grew its position in LyondellBasell Industries by 826.1% in the 4th quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock valued at $38,911,000 after acquiring an additional 365,050 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd grew its position in LyondellBasell Industries by 42.2% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,010,494 shares of the specialty chemicals company’s stock valued at $96,077,000 after acquiring an additional 300,106 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets lifted their target price 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. Mizuho lifted their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their target price on 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 LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $105.17.

LyondellBasell Industries Stock Down 3.8 %

LYB stock traded down $3.75 during trading on Friday, hitting $94.39. 2,611,720 shares of the company’s stock were exchanged, compared to its average volume of 1,318,859. The business has a 50-day moving average price of $96.00 and a two-hundred day moving average price of $98.08. The stock has a market capitalization of $30.74 billion, a price-to-earnings ratio of 14.59, a PEG ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.44 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a yield of 5.68%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is currently 82.84%.

LyondellBasell Industries 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.