Marco Investment Management LLC Raises Stake in LyondellBasell Industries N.V. (NYSE:LYB)

Marco Investment Management LLC lifted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 0.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,620 shares of the specialty chemicals company’s stock after buying an additional 225 shares during the quarter. Marco Investment Management LLC’s holdings in LyondellBasell Industries were worth $9,336,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Rossby Financial LCC purchased a new position in shares of LyondellBasell Industries during the 1st quarter valued at approximately $25,000. JFS Wealth Advisors LLC lifted its position in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 310 shares during the period. Investment Management Corp VA ADV raised its holdings in shares of LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 261 shares during the period. Lazard Asset Management LLC boosted its position in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 214 shares during the period. Finally, Covestor Ltd raised its position in shares of LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 284 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $62.90 on Tuesday. The business’s 50 day moving average is $60.02 and its 200-day moving average is $65.69. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46. The firm has a market cap of $20.22 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 3.75 and a beta of 0.82. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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). The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the company posted $1.53 earnings per share. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.71%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 169.14%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Citigroup lowered their target price on LyondellBasell Industries from $58.00 to $56.00 in a research note on Wednesday, June 11th. Barclays decreased their price objective on 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. Royal Bank Of Canada raised their price target on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 3rd. The Goldman Sachs Group lowered their target price on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a research report on Monday, April 28th. Finally, Fermium Researc raised LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $66.00.

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.