Lake Street Advisors Group LLC Purchases Shares of 2,240 LyondellBasell Industries (NYSE:LYB)

Lake Street Advisors Group LLC purchased a new stake in LyondellBasell Industries (NYSE:LYB) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,240 shares of the specialty chemicals company’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital World Investors bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $197,305,000. Norges Bank bought a new stake in LyondellBasell Industries during the fourth quarter worth approximately $82,854,000. Allianz Asset Management GmbH boosted its position in LyondellBasell Industries by 826.1% during the fourth quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock worth $38,911,000 after purchasing an additional 365,050 shares during the period. ANTIPODES PARTNERS Ltd boosted its position in LyondellBasell Industries by 42.2% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,010,494 shares of the specialty chemicals company’s stock worth $96,077,000 after purchasing an additional 300,106 shares during the period. Finally, Vanguard Group Inc. boosted its position in LyondellBasell Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after purchasing an additional 290,401 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $1.30 during trading hours on Thursday, reaching $96.58. The stock had a trading volume of 391,840 shares, compared to its average volume of 1,787,933. The business’s fifty day moving average is $96.29 and its two-hundred day moving average is $97.96. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The company has a market cap of $31.45 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 1.19 and a beta of 1.09. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the company posted $2.50 earnings per share. LyondellBasell Industries’s revenue was down 3.1% on a year-over-year basis. As a group, research analysts expect that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed 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. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Barclays upped their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.17.

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.