Texas Yale Capital Corp. Purchases 240 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Texas Yale Capital Corp. lifted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 5.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,428 shares of the specialty chemicals company’s stock after buying an additional 240 shares during the quarter. Texas Yale Capital Corp.’s holdings in LyondellBasell Industries were worth $312,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LYB. Bank Pictet & Cie Europe AG boosted its holdings in LyondellBasell Industries by 26.9% in 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 acquiring an additional 39,957 shares during the last quarter. Sei Investments Co. boosted its holdings in LyondellBasell Industries by 9.8% in the fourth quarter. Sei Investments Co. now owns 121,075 shares of the specialty chemicals company’s stock valued at $8,993,000 after acquiring an additional 10,833 shares during the last quarter. NEOS Investment Management LLC boosted its holdings in LyondellBasell Industries by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the specialty chemicals company’s stock valued at $831,000 after acquiring an additional 2,483 shares during the last quarter. Blair William & Co. IL boosted its holdings in LyondellBasell Industries by 543.9% in the fourth quarter. Blair William & Co. IL now owns 68,884 shares of the specialty chemicals company’s stock valued at $5,116,000 after acquiring an additional 58,186 shares during the last quarter. Finally, Norges Bank bought a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $81,015,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $62.90 on Tuesday. 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 52-week low of $51.11 and a 52-week high of $100.46. The stock’s 50 day moving average price is $60.02 and its two-hundred day moving average price is $65.69. The stock has a market capitalization of $20.22 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 3.75 and a beta of 0.82.

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

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders 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 a positive change 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 presently 169.14%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on LyondellBasell Industries from $61.00 to $64.00 and gave the company a “sector perform” rating in a report on Thursday, July 3rd. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Bank Of America (Bofa) cut their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, Fermium Researc upgraded LyondellBasell Industries to a “strong-buy” rating in a report on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $66.00.

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.