1832 Asset Management L.P. Has $2.11 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

1832 Asset Management L.P. lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,577 shares of the specialty chemicals company’s stock after purchasing an additional 1,111 shares during the quarter. 1832 Asset Management L.P.’s holdings in LyondellBasell Industries were worth $2,105,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Spire Wealth Management grew its stake in LyondellBasell Industries by 4.2% during the first quarter. Spire Wealth Management now owns 2,534 shares of the specialty chemicals company’s stock worth $259,000 after buying an additional 102 shares in the last quarter. Lantz Financial LLC increased its stake in LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after acquiring an additional 109 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in LyondellBasell Industries by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock valued at $910,000 after purchasing an additional 114 shares in the last quarter. Metis Global Partners LLC lifted its stake in LyondellBasell Industries by 0.9% during the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock worth $1,261,000 after purchasing an additional 115 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 11.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.7 %

LyondellBasell Industries stock traded up $0.66 during mid-day trading on Friday, hitting $97.26. 1,113,543 shares of the stock were exchanged, compared to its average volume of 1,299,107. The stock has a market capitalization of $31.67 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.20 and a beta of 1.09. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month high of $107.02. 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 firm’s fifty day simple moving average is $96.15 and its two-hundred day simple moving average is $97.97.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.50 earnings per share. Analysts forecast 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. Stockholders of record on Monday, June 3rd were issued a dividend of $1.34 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.51%. LyondellBasell Industries’s payout ratio is currently 82.84%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LYB shares. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. UBS Group dropped their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. BMO Capital Markets boosted their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Finally, Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average target price 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.