LyondellBasell Industries (NYSE:LYB) Shares Bought by FCG Investment Co

FCG Investment Co grew its position in LyondellBasell Industries (NYSE:LYB) by 107.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,378 shares of the specialty chemicals company’s stock after buying an additional 2,788 shares during the period. FCG Investment Co’s holdings in LyondellBasell Industries were worth $550,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LYB. WealthBridge Investment Counsel Inc. increased its position in shares of LyondellBasell Industries by 0.9% during the first quarter. WealthBridge Investment Counsel Inc. now owns 32,010 shares of the specialty chemicals company’s stock valued at $3,274,000 after acquiring an additional 300 shares during the last quarter. Abundance Wealth Counselors raised its position in LyondellBasell Industries by 9.2% in the first quarter. Abundance Wealth Counselors now owns 9,044 shares of the specialty chemicals company’s stock valued at $925,000 after purchasing an additional 763 shares during the period. Norden Group LLC acquired a new position in LyondellBasell Industries during the first quarter worth $3,686,000. Lake Street Private Wealth LLC purchased a new position in shares of LyondellBasell Industries during the first quarter worth $261,000. Finally, Denali Advisors LLC grew its stake in shares of LyondellBasell Industries by 2.5% in the first quarter. Denali Advisors LLC now owns 8,341 shares of the specialty chemicals company’s stock valued at $853,000 after buying an additional 203 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 0.3 %

Shares of LyondellBasell Industries stock traded up $0.24 during trading hours on Thursday, hitting $95.17. The company had a trading volume of 595,905 shares, compared to its average volume of 1,730,998. 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’s 50-day moving average is $97.80 and its two-hundred day moving average is $98.01. The company has a market cap of $30.99 billion, a P/E ratio of 14.71, a price-to-earnings-growth ratio of 1.17 and a beta of 1.09. LyondellBasell Industries has a twelve month low of $87.91 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the prior year, the firm posted $2.50 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $1.34 per share. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. This represents a $5.36 annualized dividend and a yield of 5.63%. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analyst Weigh In

LYB has been the topic of several research reports. 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 research report on Monday, April 29th. BMO Capital Markets raised their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Wells Fargo & Company lifted their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Citigroup upped their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target 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.