LyondellBasell Industries (NYSE:LYB) Shares Purchased by PGGM Investments

PGGM Investments raised its holdings in LyondellBasell Industries (NYSE:LYB) by 9.6% during the first quarter, Holdings Channel reports. The institutional investor owned 14,980 shares of the specialty chemicals company’s stock after buying an additional 1,317 shares during the period. PGGM Investments’ holdings in LyondellBasell Industries were worth $1,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position 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 valued at $2,968,726,000 after purchasing an additional 290,401 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of LyondellBasell Industries by 0.6% during the fourth 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 during the last quarter. Capital World Investors raised its stake in LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after acquiring an additional 600,554 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of LyondellBasell Industries by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock valued at $132,182,000 after purchasing an additional 13,093 shares during the period. Finally, Victory Capital Management Inc. grew its position in 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 valued at $108,423,000 after buying an additional 13,169 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 3.8 %

NYSE LYB traded down $3.75 during mid-day trading on Friday, reaching $94.39. 2,611,720 shares of the stock were exchanged, compared to its average volume of 1,318,859. The stock 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. 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 1-year low of $88.46 and a 1-year high of $107.02. The business’s fifty day simple moving average is $96.00 and its 200 day simple moving average is $98.05.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, research analysts anticipate that LyondellBasell Industries will post 8.3 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were issued a dividend of $1.34 per share. 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 is presently 82.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Mizuho boosted their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Citigroup raised their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets raised their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.