14,807 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the second quarter, Holdings Channel reports. The fund bought 14,807 shares of the specialty chemicals company’s stock, valued at approximately $1,416,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NBC Securities Inc. increased its holdings in LyondellBasell Industries by 14.3% in the 2nd quarter. NBC Securities Inc. now owns 10,540 shares of the specialty chemicals company’s stock worth $1,008,000 after acquiring an additional 1,318 shares during the last quarter. RDA Financial Network increased its stake in shares of LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 122 shares in the last quarter. CWM LLC raised its position in shares of LyondellBasell Industries by 15.0% in the second quarter. CWM LLC now owns 7,335 shares of the specialty chemicals company’s stock valued at $702,000 after purchasing an additional 954 shares during the period. Astoria Portfolio Advisors LLC. raised its position in shares of LyondellBasell Industries by 53.8% in the second quarter. Astoria Portfolio Advisors LLC. now owns 3,449 shares of the specialty chemicals company’s stock valued at $330,000 after purchasing an additional 1,206 shares during the period. Finally, Kingswood Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 24.1% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 4,018 shares of the specialty chemicals company’s stock worth $384,000 after buying an additional 780 shares during the period. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent research reports. Citigroup increased their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Royal Bank of Canada increased their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday. Mizuho increased their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, UBS Group cut their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $107.55.

LyondellBasell Industries Price Performance

LYB stock traded up $1.36 during midday trading on Thursday, reaching $96.20. The company had a trading volume of 1,226,170 shares, compared to its average volume of 1,789,163. The firm has a 50-day moving average price of $95.76 and a 200-day moving average price of $98.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The company has a market capitalization of $31.32 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 8.3 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 10th. Investors of record on Monday, June 3rd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.57%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

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.