NBC Securities Inc. Increases Holdings in LyondellBasell Industries (NYSE:LYB)

NBC Securities Inc. increased its holdings in shares of LyondellBasell Industries (NYSE:LYBFree Report) by 12.2% in the first quarter, Holdings Channel reports. The firm owned 9,222 shares of the specialty chemicals company’s stock after acquiring an additional 1,004 shares during the period. NBC Securities Inc.’s holdings in LyondellBasell Industries were worth $943,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Valley National Advisers Inc. purchased a new position in LyondellBasell Industries in the 3rd quarter valued at about $25,000. McIlrath & Eck LLC boosted its position in LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares during the last quarter. Heritage Wealth Advisors purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $27,000. Gold Investment Management Ltd. purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $28,000. Finally, Venturi Wealth Management LLC boosted its position in LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 242 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of analyst reports. Mizuho upped 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. Wells Fargo & Company upped their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Barclays upped their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Finally, Citigroup upped their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.08.

View Our Latest Report on LyondellBasell Industries

LyondellBasell Industries Stock Performance

LYB traded up $1.43 on Wednesday, hitting $95.38. 1,704,607 shares of the company’s stock were exchanged, compared to its average volume of 1,502,016. The firm has a market cap of $31.06 billion, a PE ratio of 14.74, a P/E/G ratio of 1.16 and a beta of 1.13. LyondellBasell Industries has a twelve month low of $86.64 and a twelve month high of $107.02. The stock has a fifty day moving average of $98.98 and a two-hundred day moving average of $97.86. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYBGet Free Report) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter last year, the business earned $2.50 earnings per share. LyondellBasell Industries’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.62%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

LyondellBasell Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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