Security National Bank Makes New Investment in LyondellBasell Industries N.V. (NYSE:LYB)

Security National Bank bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the first quarter, Holdings Channel.com reports. The firm bought 1,191 shares of the specialty chemicals company’s stock, valued at approximately $84,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LYB. Perigon Wealth Management LLC increased its position in LyondellBasell Industries by 0.9% during the 1st quarter. Perigon Wealth Management LLC now owns 25,955 shares of the specialty chemicals company’s stock valued at $1,827,000 after buying an additional 239 shares in the last quarter. Tyche Wealth Partners LLC grew its stake in shares of LyondellBasell Industries by 11.9% in the first quarter. Tyche Wealth Partners LLC now owns 3,587 shares of the specialty chemicals company’s stock worth $253,000 after acquiring an additional 381 shares during the last quarter. Keudell Morrison Wealth Management increased its holdings in shares of LyondellBasell Industries by 11.2% during the first quarter. Keudell Morrison Wealth Management now owns 5,732 shares of the specialty chemicals company’s stock valued at $404,000 after acquiring an additional 579 shares in the last quarter. AssuredPartners Investment Advisors LLC raised its position in shares of LyondellBasell Industries by 9.2% in the 1st quarter. AssuredPartners Investment Advisors LLC now owns 4,658 shares of the specialty chemicals company’s stock worth $328,000 after purchasing an additional 392 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in LyondellBasell Industries by 2.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 123,425 shares of the specialty chemicals company’s stock worth $8,689,000 after purchasing an additional 2,587 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $57.55 on Thursday. The firm has a fifty day simple moving average of $57.96 and a two-hundred day simple moving average of $67.67. The firm has a market cap of $18.50 billion, a PE ratio of 17.76, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 1-year low of $51.11 and a 1-year high of $100.46.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The firm had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.69 billion. During the same quarter last year, the company posted $1.53 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.52%. The ex-dividend date was Monday, June 2nd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio is 169.14%.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of analyst reports. UBS Group restated a “sell” rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Piper Sandler decreased their target price on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Royal Bank Of Canada decreased their target price on shares of LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating for the company in a report on Tuesday, April 29th. Citigroup decreased their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $69.75.

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.