North Capital Inc. Buys Shares of 906 LyondellBasell Industries N.V. (NYSE:LYB)

North Capital Inc. purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 906 shares of the specialty chemicals company’s stock, valued at approximately $64,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. D.A. Davidson & CO. boosted its position in shares of LyondellBasell Industries by 36.3% in the first quarter. D.A. Davidson & CO. now owns 13,277 shares of the specialty chemicals company’s stock worth $935,000 after acquiring an additional 3,533 shares during the last quarter. Principal Financial Group Inc. lifted its position in LyondellBasell Industries by 5.4% during the first quarter. Principal Financial Group Inc. now owns 316,402 shares of the specialty chemicals company’s stock valued at $22,275,000 after buying an additional 16,237 shares in the last quarter. First Horizon Advisors Inc. lifted its position in LyondellBasell Industries by 50.4% during the first quarter. First Horizon Advisors Inc. now owns 421,662 shares of the specialty chemicals company’s stock valued at $29,685,000 after buying an additional 141,307 shares in the last quarter. Private Trust Co. NA lifted its position in LyondellBasell Industries by 21.7% during the first quarter. Private Trust Co. NA now owns 4,794 shares of the specialty chemicals company’s stock valued at $337,000 after buying an additional 855 shares in the last quarter. Finally, First Bank & Trust lifted its position in shares of LyondellBasell Industries by 11.4% during the first quarter. First Bank & Trust now owns 23,628 shares of the specialty chemicals company’s stock worth $1,663,000 after purchasing an additional 2,414 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of LYB opened at $62.00 on Friday. The business’s 50-day moving average is $58.27 and its 200-day moving average is $67.00. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04.

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

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 8.84%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries’s dividend payout ratio is currently 169.14%.

Analyst Ratings Changes

A number of research analysts have recently commented on LYB shares. Barclays reduced their target price on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries 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. Bank Of America (Bofa) dropped their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday. Finally, Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $68.31.

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.