Plan Group Financial LLC Makes New $403,000 Investment in LyondellBasell Industries N.V. (NYSE:LYB)

Plan Group Financial LLC purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,730 shares of the specialty chemicals company’s stock, valued at approximately $403,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank Pictet & Cie Europe AG raised its position in LyondellBasell Industries by 26.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company’s stock worth $14,013,000 after buying an additional 39,957 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of LyondellBasell Industries by 18.4% during the fourth quarter. Russell Investments Group Ltd. now owns 363,874 shares of the specialty chemicals company’s stock valued at $27,007,000 after purchasing an additional 56,463 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of LyondellBasell Industries by 17.4% during the fourth quarter. Cerity Partners LLC now owns 141,395 shares of the specialty chemicals company’s stock valued at $10,767,000 after purchasing an additional 20,962 shares during the last quarter. Bank of Montreal Can lifted its position in LyondellBasell Industries by 6.8% during the fourth quarter. Bank of Montreal Can now owns 543,412 shares of the specialty chemicals company’s stock valued at $40,359,000 after purchasing an additional 34,587 shares during the period. Finally, Invesco Ltd. boosted its holdings in LyondellBasell Industries by 13.5% in the fourth quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company’s stock worth $432,721,000 after purchasing an additional 694,055 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 4.7%

Shares of NYSE:LYB opened at $50.89 on Tuesday. The stock has a 50 day moving average of $60.02 and a 200 day moving average of $65.01. The company has a market cap of $16.36 billion, a PE ratio of 66.10, a price-to-earnings-growth ratio of 3.13 and a beta of 0.85. LyondellBasell Industries N.V. has a 12-month low of $50.77 and a 12-month high of $99.36. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%. The business’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th will be paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 10.8%. LyondellBasell Industries’s payout ratio is presently 711.69%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LYB shares. Bank Of America (Bofa) decreased their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. BMO Capital Markets cut their price objective on LyondellBasell Industries from $65.00 to $60.00 in a report on Friday, June 27th. Fermium Researc upgraded LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Royal Bank Of Canada raised their target price 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. Finally, Mizuho boosted their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $64.38.

About LyondellBasell Industries

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.