Public Employees Retirement System of Ohio Has $13.81 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Public Employees Retirement System of Ohio lifted its holdings in LyondellBasell Industries (NYSE:LYB) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 135,037 shares of the specialty chemicals company’s stock after purchasing an additional 4,094 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in LyondellBasell Industries were worth $13,812,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LYB. Chilton Capital Management LLC bought a new stake in LyondellBasell Industries in the 1st quarter valued at approximately $27,000. McIlrath & Eck LLC lifted 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 valued at $27,000 after acquiring an additional 141 shares in the last quarter. Heritage Wealth Advisors bought a new stake in LyondellBasell Industries in the 4th quarter valued at approximately $27,000. Gold Investment Management Ltd. bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $28,000. Finally, Venturi Wealth Management LLC raised its stake 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 worth $29,000 after purchasing an additional 242 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LYB. Barclays upped their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. 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 note on Tuesday, April 2nd. BMO Capital Markets upped their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. 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, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $105.17.

LyondellBasell Industries Stock Performance

NYSE LYB traded up $0.45 on Tuesday, reaching $97.84. The stock had a trading volume of 47,886 shares, compared to its average volume of 1,772,969. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The firm has a fifty day moving average of $96.09 and a two-hundred day moving average of $98.02. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The company has a market cap of $31.86 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.20 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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 firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.50 EPS. On average, equities research analysts anticipate that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently announced 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 a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is 82.84%.

LyondellBasell Industries Company 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.