LifeWealth Investments LLC Buys Shares of 3,337 LyondellBasell Industries N.V. (NYSE:LYB)

LifeWealth Investments LLC purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,337 shares of the specialty chemicals company’s stock, valued at approximately $235,000.

Other hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc raised its stake in LyondellBasell Industries by 207.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company’s stock worth $167,448,000 after buying an additional 1,522,043 shares in the last quarter. Amundi raised its position in shares of LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock worth $283,452,000 after acquiring an additional 1,260,913 shares in the last quarter. Norges Bank purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth $81,015,000. Raymond James Financial Inc. bought a new stake in LyondellBasell Industries during the fourth quarter valued at about $69,115,000. Finally, Dodge & Cox boosted its position in LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company’s stock valued at $1,260,052,000 after purchasing an additional 851,365 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on LYB shares. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Fermium Researc upgraded shares of LyondellBasell Industries to a “strong-buy” rating in a research note on Friday, April 25th. Citigroup reduced their price target on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 29th. Finally, Piper Sandler lowered their price objective on LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $69.75.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $58.63 on Thursday. LyondellBasell Industries N.V. has a 52 week low of $51.11 and a 52 week high of $100.46. The business’s 50 day moving average price is $57.78 and its 200 day moving average price is $68.39. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. The firm has a market cap of $18.84 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.22 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The business had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a dividend of $1.37 per share. The ex-dividend date was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.35%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 169.14%.

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.