AGF Management Ltd. lowered its stake in LyondellBasell Industries (NYSE:LYB – Free Report) by 10.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 36,281 shares of the specialty chemicals company’s stock after selling 4,182 shares during the period. AGF Management Ltd.’s holdings in LyondellBasell Industries were worth $3,406,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Aspire Private Capital LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $12,017,920,000. Community Bank N.A. bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $28,000. Compass Wealth Management LLC bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $25,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of LyondellBasell Industries by 109.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 363 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 190 shares during the period. Finally, Kistler Tiffany Companies LLC bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 70.58% of the company’s stock.
LyondellBasell Industries Stock Up 1.5 %
LyondellBasell Industries stock opened at $98.37 on Friday. LyondellBasell Industries has a fifty-two week low of $71.46 and a fifty-two week high of $101.30. The stock has a market cap of $32.00 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. The firm’s 50-day simple moving average is $90.67 and its 200 day simple moving average is $92.40. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.05 and a current ratio of 1.85.
LyondellBasell Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 30th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.08%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Friday, May 26th. LyondellBasell Industries’s payout ratio is presently 54.11%.
Analyst Ratings Changes
Several brokerages recently commented on LYB. SpectralCast reissued a “maintains” rating on shares of LyondellBasell Industries in a research note on Thursday, June 29th. Scotiabank reissued a “sector perform” rating on shares of LyondellBasell Industries in a research note on Friday, April 28th. Barclays decreased their price target on shares of LyondellBasell Industries from $100.00 to $95.00 in a research report on Tuesday, July 11th. BMO Capital Markets upped their price target on shares of LyondellBasell Industries from $102.00 to $104.00 in a research report on Thursday, June 1st. Finally, KeyCorp decreased their price objective on shares of LyondellBasell Industries from $81.00 to $80.00 in a research report on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $97.00.
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.
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