Keynote Financial Services LLC Acquires New Shares in LyondellBasell Industries (NYSE:LYB)

Keynote Financial Services LLC acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the first quarter, HoldingsChannel reports. The fund acquired 6,175 shares of the specialty chemicals company’s stock, valued at approximately $632,000.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries by 15.3% in the first quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the specialty chemicals company’s stock worth $142,000 after buying an additional 188 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of LyondellBasell Industries by 9.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 297,082 shares of the specialty chemicals company’s stock worth $30,422,000 after buying an additional 24,826 shares during the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter worth about $3,386,000. Teachers Retirement System of The State of Kentucky lifted its position in shares of LyondellBasell Industries by 17.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 220,678 shares of the specialty chemicals company’s stock worth $22,570,000 after buying an additional 33,371 shares during the last quarter. Finally, Cetera Advisors LLC lifted its position in shares of LyondellBasell Industries by 99.6% in the first quarter. Cetera Advisors LLC now owns 45,048 shares of the specialty chemicals company’s stock worth $4,608,000 after buying an additional 22,476 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 3.8 %

LYB traded down $3.75 during mid-day trading on Friday, reaching $94.39. The stock had a trading volume of 2,611,720 shares, compared to its average volume of 1,318,859. The stock has a market capitalization of $30.74 billion, a P/E ratio of 14.59, a P/E/G ratio of 1.21 and a beta of 1.09. 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 firm’s fifty day simple moving average is $96.00 and its two-hundred day simple moving average is $98.08. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period last year, the company earned $2.44 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada increased their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. BMO Capital Markets increased their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Barclays increased their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $105.17.

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.