Park Avenue Securities LLC Trims Holdings in LyondellBasell Industries (NYSE:LYB)

Park Avenue Securities LLC lessened its stake in LyondellBasell Industries (NYSE:LYB) by 2.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,745 shares of the specialty chemicals company’s stock after selling 598 shares during the period. Park Avenue Securities LLC’s holdings in LyondellBasell Industries were worth $2,633,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lantz Financial LLC raised its position in shares of LyondellBasell Industries by 3.6% during the 1st quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after acquiring an additional 109 shares in the last quarter. Mutual Advisors LLC boosted its stake in LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after acquiring an additional 111 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of LyondellBasell Industries by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock valued at $910,000 after purchasing an additional 114 shares during the last quarter. Metis Global Partners LLC boosted its position in LyondellBasell Industries by 0.9% during the 4th quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares during the period. Finally, Czech National Bank boosted its holdings in shares of LyondellBasell Industries by 0.3% during the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock valued at $4,267,000 after acquiring an additional 116 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 opened at $95.21 on Friday. LyondellBasell Industries has a 52-week low of $86.64 and a 52-week high of $107.02. The stock has a market capitalization of $31.00 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.17 and a beta of 1.13. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $98.53 and its 200 day simple moving average is $97.83.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping 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 firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter last year, the business posted $2.50 EPS. LyondellBasell Industries’s revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts forecast 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. Investors of record on Monday, June 3rd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.63%. 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. LyondellBasell Industries’s dividend payout ratio is 82.84%.

Wall Street Analyst Weigh In

LYB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target 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. Wells Fargo & Company lifted their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Barclays increased their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Mizuho increased their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $105.08.

LyondellBasell Industries Company 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.