3,791 Shares in LyondellBasell Industries N.V. (NYSE:LYB) Bought by Brown Advisory Inc.

Brown Advisory Inc. acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYBFree Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,791 shares of the specialty chemicals company’s stock, valued at approximately $267,000.

Several other large investors have also modified their holdings of the company. Rossby Financial LCC bought a new stake in LyondellBasell Industries in the 1st quarter valued at $25,000. JFS Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 310 shares during the period. Lazard Asset Management LLC boosted its holdings in LyondellBasell Industries by 84.9% in the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 214 shares during the period. Covestor Ltd boosted its holdings in LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 284 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in LyondellBasell Industries by 127.9% in the 1st quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company’s stock valued at $61,000 after purchasing an additional 486 shares during the period. 71.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating for the company in a report on Monday, April 28th. Fermium Researc raised shares of LyondellBasell Industries to a “strong-buy” rating in a report on Friday, April 25th. Barclays reduced their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Finally, Mizuho lifted their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.00.

Check Out Our Latest Stock Report on LyondellBasell Industries

LyondellBasell Industries Trading Up 0.0%

Shares of LYB stock opened at $62.44 on Thursday. LyondellBasell Industries N.V. has a 12-month low of $51.11 and a 12-month high of $100.46. The company has a market capitalization of $20.07 billion, a P/E ratio of 19.27, a P/E/G ratio of 2.67 and a beta of 0.82. The firm has a 50-day moving average price of $59.27 and a 200 day moving average price of $66.33. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYBGet Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the prior year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a $1.37 dividend. The ex-dividend date was Monday, June 2nd. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.78%. LyondellBasell Industries’s payout ratio is currently 169.14%.

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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