MeadowBrook Investment Advisors LLC Has $333,000 Stock Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

MeadowBrook Investment Advisors LLC boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 19.0% in the first quarter, HoldingsChannel reports. The firm owned 4,731 shares of the specialty chemicals company’s stock after buying an additional 755 shares during the period. MeadowBrook Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $333,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank Pictet & Cie Europe AG grew 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 valued at $14,013,000 after buying an additional 39,957 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of LyondellBasell Industries by 154.5% during the fourth quarter. Jones Financial Companies Lllp now owns 2,777 shares of the specialty chemicals company’s stock valued at $206,000 after purchasing an additional 1,686 shares in the last quarter. Assetmark Inc. lifted its position in shares of LyondellBasell Industries by 2.1% during the fourth quarter. Assetmark Inc. now owns 26,932 shares of the specialty chemicals company’s stock valued at $2,000,000 after purchasing an additional 544 shares in the last quarter. M&T Bank Corp lifted its position in shares of LyondellBasell Industries by 2.4% during the fourth quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company’s stock valued at $1,467,000 after purchasing an additional 461 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $3,760,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent analyst reports. Bank Of America (Bofa) dropped their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. BMO Capital Markets lowered their price objective on shares of LyondellBasell Industries from $65.00 to $60.00 in a research report on Friday, June 27th. Fermium Researc raised shares of LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Royal Bank Of Canada lifted their price objective on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 3rd. Finally, Barclays lowered their price objective 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. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $68.31.

LyondellBasell Industries Price Performance

LYB stock opened at $63.71 on Wednesday. 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 N.V. has a one year low of $51.11 and a one year high of $100.46. The stock has a market cap of $20.48 billion, a PE ratio of 19.66, a P/E/G ratio of 2.59 and a beta of 0.82. The firm has a 50 day simple moving average of $58.46 and a two-hundred day simple moving average of $66.70.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS 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 company had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.69 billion. During the same period in the prior year, the firm earned $1.53 EPS. LyondellBasell Industries’s quarterly revenue was down 7.6% on a year-over-year basis. On average, analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date was Monday, June 2nd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s payout ratio is currently 169.14%.

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.