Foresight Capital Management Advisors Inc. Makes New $1.42 Million Investment in LyondellBasell Industries (NYSE:LYB)

Foresight Capital Management Advisors Inc. acquired a new stake in LyondellBasell Industries (NYSE:LYB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,807 shares of the specialty chemicals company’s stock, valued at approximately $1,416,000.

Several other large investors also recently made changes to their positions in LYB. McIlrath & Eck LLC lifted its stake in LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 141 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in LyondellBasell Industries in the 4th quarter valued at about $27,000. Chilton Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter worth about $27,000. Gold Investment Management Ltd. bought a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $28,000. Finally, Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $28,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LYB shares. Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, BMO Capital Markets upped their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $107.55.

LyondellBasell Industries Price Performance

Shares of LYB traded up $1.36 during trading hours on Thursday, hitting $96.20. 1,226,170 shares of the company were exchanged, compared to its average volume of 1,789,163. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 1.21 and a beta of 1.09. The firm’s fifty day moving average is $95.76 and its 200 day moving average is $98.09.

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

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.34 per share. The ex-dividend date was Monday, June 3rd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a yield of 5.57%. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.