Syon Capital LLC Increases Stock Position in LyondellBasell Industries (NYSE:LYB)

Syon Capital LLC grew its position in LyondellBasell Industries (NYSE:LYB) by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,426 shares of the specialty chemicals company’s stock after purchasing an additional 162 shares during the period. Syon Capital LLC’s holdings in LyondellBasell Industries were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at about $25,000. McIlrath & Eck LLC raised its holdings in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. Heritage Wealth Advisors purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $27,000. Gold Investment Management Ltd. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $28,000. Finally, Venturi Wealth Management LLC increased its holdings in LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 242 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LYB. Wolfe Research began coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Mizuho raised their price objective 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. Citigroup raised their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Price Performance

LYB stock opened at $95.36 on Wednesday. The firm has a 50 day moving average of $98.98 and a 200-day moving average of $97.86. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 12 month low of $86.64 and a 12 month high of $107.02. The firm has a market capitalization of $31.05 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.16 and a beta of 1.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating 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 company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the business earned $2.50 earnings per share. LyondellBasell Industries’s revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a yield of 5.62%. LyondellBasell Industries’s payout ratio is presently 82.84%.

LyondellBasell Industries Company 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.