FDx Advisors Inc. Sells 232 Shares of LyondellBasell Industries (NYSE:LYB)

FDx Advisors Inc. trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 6.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,525 shares of the specialty chemicals company’s stock after selling 232 shares during the quarter. FDx Advisors Inc.’s holdings in LyondellBasell Industries were worth $361,000 as of its most recent filing with the SEC.

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

LyondellBasell Industries Trading Up 1.4 %

LYB stock opened at $94.16 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The company has a market capitalization of $30.66 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The company’s 50-day simple moving average is $97.03 and its 200 day simple moving average is $97.90. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping 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 business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter last year, the business posted $2.50 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current 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 given a dividend of $1.34 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LYB shares. JPMorgan Chase & Co. increased their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada raised their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. BMO Capital Markets boosted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Citigroup boosted their target price 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $104.77.

LyondellBasell Industries 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.