Fidelis Capital Partners LLC Acquires Shares of 1,922 LyondellBasell Industries (NYSE:LYB)

Fidelis Capital Partners LLC bought a new stake in LyondellBasell Industries (NYSE:LYBFree Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,922 shares of the specialty chemicals company’s stock, valued at approximately $197,000.

A number of other hedge funds have also recently modified their holdings of the stock. Scotia Capital Inc. purchased a new position in LyondellBasell Industries during the 3rd quarter worth $521,000. Royal London Asset Management Ltd. grew its position in LyondellBasell Industries by 4.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 103,839 shares of the specialty chemicals company’s stock worth $9,833,000 after purchasing an additional 4,546 shares during the last quarter. Toroso Investments LLC grew its position in LyondellBasell Industries by 10.7% during the 3rd quarter. Toroso Investments LLC now owns 20,993 shares of the specialty chemicals company’s stock worth $1,988,000 after purchasing an additional 2,022 shares during the last quarter. Morgan Stanley grew its position in LyondellBasell Industries by 9.9% during the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock worth $597,140,000 after purchasing an additional 569,887 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new position in LyondellBasell Industries during the 3rd quarter worth $535,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada raised their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company raised their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Mizuho raised their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays raised their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.08.

Check Out Our Latest Stock Analysis on LyondellBasell Industries

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $94.45 on Tuesday. The company has a market capitalization of $30.75 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09. LyondellBasell Industries has a twelve month low of $88.46 and a twelve 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 firm has a 50-day moving average price of $97.39 and a two-hundred day moving average price of $97.98.

LyondellBasell Industries (NYSE:LYBGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.50 earnings per share. As a group, research analysts expect 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. Stockholders of record on Monday, June 3rd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.67%. LyondellBasell Industries’s payout ratio is 82.84%.

About LyondellBasell Industries

(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.

See Also

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

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