LyondellBasell Industries (NYSE:LYB) Shares Bought by FCG Investment Co

FCG Investment Co increased its stake in LyondellBasell Industries (NYSE:LYB) by 107.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,378 shares of the specialty chemicals company’s stock after buying an additional 2,788 shares during the quarter. FCG Investment Co’s holdings in LyondellBasell Industries were worth $550,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. McIlrath & Eck LLC raised its stake in shares of LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Heritage Wealth Advisors purchased a new stake in LyondellBasell Industries during the 4th quarter worth $27,000. Gold Investment Management Ltd. acquired a new position in LyondellBasell Industries in the 4th quarter worth $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 valued at $29,000 after buying an additional 242 shares during the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $37,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Wells Fargo & Company raised their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada upped their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Citigroup increased their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $105.08.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $0.24 during trading on Thursday, hitting $95.17. 595,905 shares of the stock were exchanged, compared to its average volume of 1,730,998. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 12 month low of $87.91 and a 12 month high of $107.02. The stock’s fifty day moving average is $97.80 and its 200 day moving average is $98.01. The stock has a market cap of $30.99 billion, a PE ratio of 14.71, a P/E/G ratio of 1.17 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $2.50 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date was Monday, June 3rd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s 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.