Monument Capital Management Sells 248 Shares of LyondellBasell Industries (NYSE:LYB)

Monument Capital Management decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,359 shares of the specialty chemicals company’s stock after selling 248 shares during the quarter. Monument Capital Management’s holdings in LyondellBasell Industries were worth $344,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LYB. BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Wells Fargo & Company raised their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Barclays increased their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. One 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’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Stock Up 0.2 %

LYB stock opened at $95.10 on Thursday. LyondellBasell Industries has a twelve month low of $87.91 and a twelve month high of $107.02. The firm has a market capitalization of $30.97 billion, a PE ratio of 14.70, a PEG ratio of 1.17 and a beta of 1.09. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The stock has a 50-day simple moving average of $97.91 and a two-hundred day simple moving average of $98.03.

LyondellBasell Industries (NYSE:LYB) last posted 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. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the prior year, the firm posted $2.50 EPS. LyondellBasell Industries’s revenue was down 3.1% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid 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 5.64%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

About LyondellBasell Industries

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.