Hexagon Capital Partners LLC Sells 224 Shares of LyondellBasell Industries (NYSE:LYB)

Hexagon Capital Partners LLC trimmed its position in LyondellBasell Industries (NYSE:LYB) by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,543 shares of the specialty chemicals company’s stock after selling 224 shares during the period. Hexagon Capital Partners LLC’s holdings in LyondellBasell Industries were worth $362,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its position in LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 141 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth approximately $27,000. Gold Investment Management Ltd. bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $28,000. Venturi Wealth Management LLC boosted its position in shares of LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 242 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth $37,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LYB. Citigroup lifted 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. BMO Capital Markets upped their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Royal Bank of Canada raised their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted 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, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $105.08.

LyondellBasell Industries Trading Down 1.1 %

LyondellBasell Industries stock opened at $94.64 on Tuesday. 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 has a fifty-two week low of $87.91 and a fifty-two week high of $107.02. The stock has a market cap of $30.82 billion, a P/E ratio of 14.63, a PEG ratio of 1.18 and a beta of 1.09. The firm’s fifty day moving average price is $98.15 and its 200-day moving average price is $98.03.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The business 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%. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.50 EPS. Equities research analysts forecast 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 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 5.66%. 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.