Mediolanum International Funds Ltd Purchases Shares of 58,569 LyondellBasell Industries (NYSE:LYB)

Mediolanum International Funds Ltd acquired a new stake in shares of LyondellBasell Industries (NYSE:LYBFree Report) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 58,569 shares of the specialty chemicals company’s stock, valued at approximately $6,030,000.

Other large investors have also recently made changes to their positions in the company. PGGM Investments increased its position in shares of LyondellBasell Industries by 6.9% during the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock valued at $1,299,000 after purchasing 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 approximately $14,000,000. Arvest Investments Inc. bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $2,001,000. Oak Thistle LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $1,426,000. Finally, Russell Investments Group Ltd. grew its position in LyondellBasell Industries by 25.1% in 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 acquiring an additional 46,871 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on LYB shares. Barclays upped their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Mizuho upped their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. upped their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Citigroup upped their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada increased their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $104.77.

View Our Latest Stock Analysis on LYB

LyondellBasell Industries Stock Down 0.4 %

Shares of NYSE LYB traded down $0.35 during mid-day trading on Wednesday, reaching $92.85. 2,211,582 shares of the company were exchanged, compared to its average volume of 1,839,744. The firm has a 50-day moving average of $97.26 and a 200 day moving average of $97.96. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02. The stock has a market cap of $30.23 billion, a price-to-earnings ratio of 14.28, a P/E/G ratio of 1.17 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. LyondellBasell Industries’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $2.50 earnings per share. On average, research analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently announced 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 annualized dividend and a yield of 5.77%. 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 dividend payout ratio (DPR) is 82.84%.

LyondellBasell Industries Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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