Aviance Capital Partners LLC Has $1.34 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Aviance Capital Partners LLC boosted its position in LyondellBasell Industries (NYSE:LYB) by 1.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,126 shares of the specialty chemicals company’s stock after buying an additional 179 shares during the period. Aviance Capital Partners LLC’s holdings in LyondellBasell Industries were worth $1,343,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. PGGM Investments lifted its stake in shares of LyondellBasell Industries by 6.9% in the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock valued at $1,299,000 after purchasing an additional 879 shares during the period. International Assets Investment Management LLC bought a new stake in LyondellBasell Industries in the fourth quarter worth approximately $14,000,000. Arvest Investments Inc. acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $2,001,000. Oak Thistle LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $1,426,000. Finally, Russell Investments Group Ltd. grew its position in shares of LyondellBasell Industries by 25.1% during the 4th quarter. Russell Investments Group Ltd. now owns 233,350 shares of the specialty chemicals company’s stock worth $22,198,000 after buying an additional 46,871 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $94.64 on Tuesday. The company has a fifty day moving average price of $98.15 and a 200-day moving average price of $98.03. The firm has a market cap of $30.82 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. LyondellBasell Industries has a 1 year low of $87.91 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.50 earnings per share. As a group, equities research analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.66%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. 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 note on Tuesday, April 2nd. BMO Capital Markets upped their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Citigroup raised their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Barclays upped their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the stock 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 issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.08.

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.