1832 Asset Management L.P. Acquires 1,111 Shares of LyondellBasell Industries (NYSE:LYB)

1832 Asset Management L.P. boosted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,577 shares of the specialty chemicals company’s stock after buying 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 filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter valued at approximately $27,000. McIlrath & Eck LLC boosted its position in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares during the period. Heritage Wealth Advisors purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth $27,000. Gold Investment Management Ltd. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth $28,000. Finally, Venturi Wealth Management LLC raised its position 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 valued at $29,000 after purchasing an additional 242 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays upped their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Citigroup upped their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. 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 note on Tuesday, April 30th. BMO Capital Markets upped their price target 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. Finally, Mizuho upped their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $105.17.

LyondellBasell Industries Trading Up 0.7 %

Shares of NYSE:LYB traded up $0.66 during trading on Friday, reaching $97.26. The company’s stock had a trading volume of 1,113,543 shares, compared to its average volume of 1,299,107. The stock has a market capitalization of $31.67 billion, a PE ratio of 15.03, a price-to-earnings-growth ratio of 1.20 and a beta of 1.09. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $96.15 and its two-hundred day simple moving average is $97.97. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month 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. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the company earned $2.50 earnings per share. LyondellBasell Industries’s revenue was down 3.1% on a year-over-year basis. On average, research analysts predict that LyondellBasell Industries will post 8.3 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 5.51%. 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. LyondellBasell Industries’s dividend payout ratio is presently 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.