Compass Wealth Management LLC Has $45,000 Stake in LyondellBasell Industries (NYSE:LYB)

Compass Wealth Management LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 46.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440 shares of the specialty chemicals company’s stock after buying an additional 140 shares during the quarter. Compass Wealth Management LLC’s holdings in LyondellBasell Industries were worth $45,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LYB. Capital World Investors acquired a new position in LyondellBasell Industries during the fourth quarter worth $197,305,000. Pacer Advisors Inc. boosted its holdings in LyondellBasell Industries by 35.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares during the period. Norges Bank bought a new stake in LyondellBasell Industries during the fourth quarter valued at about $82,854,000. Bank of Nova Scotia boosted its holdings in LyondellBasell Industries by 3,162.5% during the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after acquiring an additional 595,431 shares during the period. Finally, Morgan Stanley boosted its holdings in LyondellBasell Industries by 9.9% during the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after acquiring an additional 569,887 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. 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 research note on Wednesday, April 10th. Mizuho increased their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. Finally, Wells Fargo & Company increased their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $105.08.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $95.38 on Thursday. The company has a 50 day moving average of $98.81 and a 200-day moving average of $97.84. 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 1-year low of $86.64 and a 1-year high of $107.02. The firm has a market cap of $31.06 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 1.18 and a beta of 1.13.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results 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 analyst estimates of $9.70 billion. During the same quarter in the previous year, the business earned $2.50 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.62%. 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 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.