LyondellBasell Industries (NYSE:LYB) Shares Sold by E&G Advisors LP

E&G Advisors LP lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 17.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,750 shares of the specialty chemicals company’s stock after selling 800 shares during the quarter. E&G Advisors LP’s holdings in LyondellBasell Industries were worth $384,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Denali Advisors LLC boosted its stake in LyondellBasell Industries by 2.5% during the 1st quarter. Denali Advisors LLC now owns 8,341 shares of the specialty chemicals company’s stock worth $853,000 after purchasing an additional 203 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of LyondellBasell Industries by 1.4% during the 1st quarter. Aviance Capital Partners LLC now owns 13,126 shares of the specialty chemicals company’s stock valued at $1,343,000 after acquiring an additional 179 shares during the last quarter. LVW Advisors LLC boosted its position in shares of LyondellBasell Industries by 60.4% during the 1st quarter. LVW Advisors LLC now owns 7,667 shares of the specialty chemicals company’s stock valued at $784,000 after acquiring an additional 2,888 shares during the last quarter. Founders Financial Securities LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter valued at about $371,000. Finally, First Bank & Trust boosted its position in shares of LyondellBasell Industries by 2.1% during the 1st quarter. First Bank & Trust now owns 39,043 shares of the specialty chemicals company’s stock valued at $3,993,000 after acquiring an additional 811 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.2 %

NYSE:LYB traded up $0.17 on Wednesday, reaching $95.10. 595,905 shares of the company’s stock were exchanged, compared to its average volume of 1,851,225. 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 has a market capitalization of $30.97 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The business has a fifty day moving average of $97.91 and a 200-day moving average of $98.03. LyondellBasell Industries has a 52-week low of $87.91 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.50 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.64%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LYB. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada boosted their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. BMO Capital Markets upped their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. Citigroup upped their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $105.08.

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.