Tyche Wealth Partners LLC Has $253,000 Position in LyondellBasell Industries N.V. (NYSE:LYB)

Tyche Wealth Partners LLC raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 11.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,587 shares of the specialty chemicals company’s stock after purchasing an additional 381 shares during the quarter. Tyche Wealth Partners LLC’s holdings in LyondellBasell Industries were worth $253,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bank Pictet & Cie Europe AG lifted its holdings in shares of LyondellBasell Industries by 26.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company’s stock worth $14,013,000 after purchasing an additional 39,957 shares during the period. Atria Wealth Solutions Inc. increased its holdings in LyondellBasell Industries by 21.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 8,699 shares of the specialty chemicals company’s stock valued at $646,000 after purchasing an additional 1,512 shares during the period. Sigma Planning Corp bought a new position in LyondellBasell Industries during the 4th quarter worth $417,000. Howard Capital Management Inc. lifted its holdings in LyondellBasell Industries by 33.1% during the 4th quarter. Howard Capital Management Inc. now owns 3,153 shares of the specialty chemicals company’s stock worth $234,000 after buying an additional 784 shares during the period. Finally, IFP Advisors Inc grew its position in shares of LyondellBasell Industries by 31.8% in the 4th quarter. IFP Advisors Inc now owns 3,649 shares of the specialty chemicals company’s stock valued at $271,000 after buying an additional 881 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. BMO Capital Markets dropped their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. UBS Group reissued a “sell” rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Finally, Fermium Researc upgraded shares of LyondellBasell Industries to a “strong-buy” rating in a report on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.75.

LyondellBasell Industries Stock Down 1.3%

LYB stock opened at $57.55 on Thursday. The stock’s 50 day simple moving average is $57.96 and its 200 day simple moving average is $67.67. The company has a market cap of $18.50 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 2.17 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46.

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

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a yield of 9.52%. LyondellBasell Industries’s dividend payout ratio is presently 169.14%.

About LyondellBasell Industries

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.