Napatree Capital LLC Purchases New Position in LyondellBasell Industries (NYSE:LYB)

Napatree Capital LLC purchased a new stake in LyondellBasell Industries (NYSE:LYBFree Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,403 shares of the specialty chemicals company’s stock, valued at approximately $609,000.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after acquiring an additional 290,401 shares during the last quarter. FMR LLC lifted its stake in LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares during the last quarter. Morgan Stanley lifted its stake in LyondellBasell Industries by 9.9% in the third 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. Charles Schwab Investment Management Inc. lifted its stake in LyondellBasell Industries by 0.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock worth $540,424,000 after purchasing an additional 33,212 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in LyondellBasell Industries by 4.0% in the third quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company’s stock worth $536,752,000 after purchasing an additional 217,461 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE LYB opened at $94.59 on Tuesday. The firm’s fifty day simple moving average is $99.16 and its two-hundred day simple moving average is $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 has a 12-month low of $86.64 and a 12-month high of $107.02. The firm has a market capitalization of $30.80 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.16 and a beta of 1.13.

LyondellBasell Industries (NYSE:LYBGet Free Report) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 8.5 EPS 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 issued a $1.34 dividend. 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 5.67%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s payout ratio is currently 82.84%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. Citigroup raised their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. lifted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. BMO Capital Markets lifted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Finally, Mizuho lifted their price target 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $105.08.

Check Out Our Latest Report on LyondellBasell Industries

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.

Further Reading

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

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