2,182 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Pitcairn Co.

Pitcairn Co. bought a new position in LyondellBasell Industries (NYSE:LYB) during the 1st quarter, Holdings Channel reports. The institutional investor bought 2,182 shares of the specialty chemicals company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. Capital World Investors purchased a new position in shares of LyondellBasell Industries during the 4th quarter worth $197,305,000. Norges Bank bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $82,854,000. Allianz Asset Management GmbH raised its position in shares of LyondellBasell Industries by 826.1% during the 4th quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock valued at $38,911,000 after purchasing an additional 365,050 shares during the period. ANTIPODES PARTNERS Ltd raised its position in shares of LyondellBasell Industries by 42.2% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,010,494 shares of the specialty chemicals company’s stock valued at $96,077,000 after purchasing an additional 300,106 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after purchasing an additional 290,401 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.4 %

LYB opened at $96.61 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock’s 50 day moving average price is $96.22 and its 200-day moving average price is $97.95. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The stock has a market cap of $31.46 billion, a price-to-earnings ratio of 14.93, a P/E/G ratio of 1.18 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 8.3 EPS for the current 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 $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.55%. 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%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group decreased their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. BMO Capital Markets raised their price objective 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. Mizuho raised their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Barclays lifted their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. Finally, Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $105.17.

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.