TruNorth Capital Management LLC Acquires New Holdings in LyondellBasell Industries N.V. (NYSE:LYB)

TruNorth Capital Management LLC acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 596 shares of the specialty chemicals company’s stock, valued at approximately $42,000.

A number of other large investors have also added to or reduced their stakes in the business. Vident Advisory LLC boosted its stake in LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company’s stock worth $1,197,000 after buying an additional 131 shares in the last quarter. NewSquare Capital LLC boosted its stake in LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock worth $4,932,000 after buying an additional 193 shares in the last quarter. Forza Wealth Management LLC boosted its stake in LyondellBasell Industries by 1.6% in the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after buying an additional 200 shares in the last quarter. M&T Bank Corp boosted its stake in LyondellBasell Industries by 1.1% in the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock worth $1,405,000 after buying an additional 209 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 214 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LYB. Wells Fargo & Company cut their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Royal Bank Of Canada increased their price objective on LyondellBasell Industries from $61.00 to $64.00 and gave the company a “sector perform” rating in a research note on Thursday, July 3rd. BMO Capital Markets dropped their price objective on LyondellBasell Industries from $65.00 to $60.00 in a research note on Friday, June 27th. UBS Group dropped their price objective on LyondellBasell Industries from $50.00 to $49.00 and set a “sell” rating for the company in a research note on Wednesday, July 9th. Finally, Argus lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.15.

LyondellBasell Industries Price Performance

LYB opened at $64.60 on Monday. The stock has a fifty day simple moving average of $58.86 and a two-hundred day simple moving average of $66.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The company has a market cap of $20.76 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.76 and a beta of 0.82. LyondellBasell Industries N.V. has a 12-month low of $51.11 and a 12-month high of $100.46.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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 firm had revenue of $7.68 billion during 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%. LyondellBasell Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 EPS. Research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a $1.37 dividend. 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 dividend on an annualized basis and a yield of 8.48%. LyondellBasell Industries’s dividend payout ratio is 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.