Citizens Financial Group Inc. RI Has $237,000 Stock Position in LyondellBasell Industries (NYSE:LYB)

Citizens Financial Group Inc. RI cut its stake in LyondellBasell Industries (NYSE:LYB) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,322 shares of the specialty chemicals company’s stock after selling 174 shares during the period. Citizens Financial Group Inc. RI’s holdings in LyondellBasell Industries were worth $237,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after buying an additional 290,401 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LyondellBasell Industries by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock worth $540,424,000 after buying an additional 33,212 shares in the last quarter. Capital World Investors raised its holdings in shares of LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of LyondellBasell Industries by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock worth $132,182,000 after buying an additional 13,093 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of LyondellBasell Industries by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,140,336 shares of the specialty chemicals company’s stock worth $108,423,000 after buying an additional 13,169 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. BMO Capital Markets raised their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Royal Bank of Canada increased their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Barclays increased their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Finally, UBS Group decreased their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $105.17.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $94.39 on Friday. The company has a market capitalization of $30.74 billion, a PE ratio of 14.59, a PEG ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month high of $107.02. 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 stock’s fifty day simple moving average is $96.00 and its 200 day simple moving average is $98.05.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the business posted $2.44 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts predict that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a $1.34 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.68%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

About LyondellBasell Industries

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.