LyondellBasell Industries (NYSE:LYB) Holdings Raised by swisspartners Advisors Ltd

swisspartners Advisors Ltd lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 1.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 78,683 shares of the specialty chemicals company’s stock after acquiring an additional 1,365 shares during the period. LyondellBasell Industries makes up approximately 6.2% of swisspartners Advisors Ltd’s investment portfolio, making the stock its 6th largest holding. swisspartners Advisors Ltd’s holdings in LyondellBasell Industries were worth $8,048,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC boosted its position in LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares during the last quarter. Heritage Wealth Advisors purchased a new stake in LyondellBasell Industries in the 4th quarter worth approximately $27,000. Gold Investment Management Ltd. purchased a new stake in LyondellBasell Industries in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC boosted its position in LyondellBasell Industries by 410.2% in 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. Finally, Scarborough Advisors LLC purchased a new stake in LyondellBasell Industries in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upped their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. upped their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Mizuho upped their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. UBS Group reduced their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given 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 $104.77.

LyondellBasell Industries Trading Up 1.4 %

Shares of LYB traded up $1.31 during midday trading on Thursday, reaching $94.16. The company had a trading volume of 1,884,154 shares, compared to its average volume of 1,840,320. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The stock has a market cap of $30.66 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 1.17 and a beta of 1.09. The firm has a 50 day simple moving average of $97.13 and a 200-day simple moving average of $97.93. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last issued its 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 business had revenue of $9.93 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $2.50 EPS. Research analysts forecast that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared 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. The ex-dividend date was Monday, June 3rd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.69%. LyondellBasell Industries’s dividend 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.