LVW Advisors LLC Has $784,000 Holdings in LyondellBasell Industries (NYSE:LYB)

LVW Advisors LLC grew its stake in LyondellBasell Industries (NYSE:LYB) by 60.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,667 shares of the specialty chemicals company’s stock after buying an additional 2,888 shares during the period. LVW Advisors LLC’s holdings in LyondellBasell Industries were worth $784,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYB. McIlrath & Eck LLC lifted its position in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares during the last quarter. Heritage Wealth Advisors bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $27,000. Gold Investment Management Ltd. bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $28,000. Venturi Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 242 shares during the period. Finally, Scarborough Advisors LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.1 %

NYSE:LYB opened at $94.64 on Tuesday. The stock’s fifty day moving average price is $98.15 and its two-hundred day moving average price is $98.03. LyondellBasell Industries has a 52-week low of $87.91 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The company has a market cap of $30.82 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.18 and a beta of 1.13.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 EPS. On average, analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were paid a $1.34 dividend. The ex-dividend date was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.66%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio is 82.84%.

Analyst Ratings Changes

Several research firms have recently weighed in on LYB. Barclays upped their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. boosted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Mizuho boosted their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. BMO Capital Markets boosted their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $105.08.

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.