Mediolanum International Funds Ltd Invests $6.03 Million in LyondellBasell Industries (NYSE:LYB)

Mediolanum International Funds Ltd bought a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 58,569 shares of the specialty chemicals company's stock, valued at approximately $6,030,000.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on LYB shares. Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. UBS Group reduced their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a "hold" rating in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada raised their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an "outperform" rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average price target of $104.77.

LyondellBasell Industries Stock Down 0.4 %

LyondellBasell Industries stock traded down $0.35 during mid-day trading on Wednesday, hitting $92.85. 2,211,582 shares of the company's stock were exchanged, compared to its average volume of 1,839,744. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The stock has a market cap of $30.23 billion, a P/E ratio of 14.28, a P/E/G ratio of 1.17 and a beta of 1.09. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The stock has a 50 day moving average of $97.26 and a two-hundred day moving average of $97.96.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.50 earnings per share. As a group, analysts anticipate 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. Stockholders of record on Monday, June 3rd were given a $1.34 dividend. 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 5.77%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 82.84%.

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.

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