Naples Global Advisors LLC Has $867,000 Stake in LyondellBasell Industries (NYSE:LYB)

Naples Global Advisors LLC lifted its position in shares of LyondellBasell Industries (NYSE:LYB) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,313 shares of the specialty chemicals company’s stock after buying an additional 2,197 shares during the period. Naples Global Advisors LLC’s holdings in LyondellBasell Industries were worth $867,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LYB. Lazard Asset Management LLC boosted its position in shares of LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock worth $34,000 after buying an additional 214 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries during the fourth quarter worth about $37,000. Covestor Ltd boosted its position in shares of LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 284 shares during the period. Versant Capital Management Inc boosted its position in shares of LyondellBasell Industries by 127.9% during the first quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company’s stock worth $61,000 after buying an additional 486 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in shares of LyondellBasell Industries by 110.2% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the specialty chemicals company’s stock worth $82,000 after buying an additional 614 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LYB shares. Barclays reduced their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Argus cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. The Goldman Sachs Group reduced their price target on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, April 28th. Fermium Researc raised LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Finally, Royal Bank of Canada reduced their price target on LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $69.75.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $55.63 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $57.94 and its two-hundred day moving average price is $69.84. The firm has a market capitalization of $17.88 billion, a price-to-earnings ratio of 13.44, a P/E/G ratio of 0.97 and a beta of 0.82. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $100.46.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. LyondellBasell Industries’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. On average, analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.37 per share. The ex-dividend date is Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.85%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio (DPR) is 169.14%.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.