Opinicus Capital Inc. Sells 315 Shares of LyondellBasell Industries (NYSE:LYB)

Opinicus Capital Inc. decreased its stake in LyondellBasell Industries (NYSE:LYB) by 12.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 2,274 shares of the specialty chemicals company’s stock after selling 315 shares during the quarter. Opinicus Capital Inc.’s holdings in LyondellBasell Industries were worth $233,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PGGM Investments increased its holdings in shares of LyondellBasell Industries by 6.9% in the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock worth $1,299,000 after buying an additional 879 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at $14,000,000. Arvest Investments Inc. bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at $2,001,000. Oak Thistle LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at $1,426,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of LyondellBasell Industries by 25.1% during the 4th quarter. Russell Investments Group Ltd. now owns 233,350 shares of the specialty chemicals company’s stock valued at $22,198,000 after purchasing an additional 46,871 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $0.17 during trading hours on Friday, reaching $95.66. The company had a trading volume of 3,049,060 shares, compared to its average volume of 1,811,149. The business has a fifty day moving average price of $98.15 and a 200-day moving average price of $97.95. LyondellBasell Industries has a one year low of $87.91 and a one year high of $107.02. The firm has a market cap of $31.15 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Sell-side analysts predict that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 5.60%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LYB. Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. BMO Capital Markets raised their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. Wells Fargo & Company raised their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Finally, Wolfe Research started coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.08.

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.