Townsquare Capital LLC Buys 7,386 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Townsquare Capital LLC raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 15.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,027 shares of the specialty chemicals company’s stock after purchasing an additional 7,386 shares during the period. Townsquare Capital LLC’s holdings in LyondellBasell Industries were worth $3,944,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYB. Bank Pictet & Cie Europe AG increased its stake in LyondellBasell Industries by 26.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company’s stock valued at $14,013,000 after purchasing an additional 39,957 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in LyondellBasell Industries by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 114,486 shares of the specialty chemicals company’s stock valued at $8,503,000 after purchasing an additional 720 shares in the last quarter. Covestor Ltd increased its stake in LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 284 shares in the last quarter. Sterling Capital Management LLC increased its stake in LyondellBasell Industries by 55.5% in the fourth quarter. Sterling Capital Management LLC now owns 15,430 shares of the specialty chemicals company’s stock valued at $1,146,000 after purchasing an additional 5,504 shares in the last quarter. Finally, Synovus Financial Corp bought a new stake in LyondellBasell Industries in the fourth quarter valued at $2,067,000. 71.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LYB shares. Citigroup decreased their target price on shares of LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Finally, Bank Of America (Bofa) decreased their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.08.

LyondellBasell Industries Stock Down 2.3%

LYB opened at $49.04 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 63.69, a PEG ratio of 3.18 and a beta of 0.85. LyondellBasell Industries N.V. has a twelve month low of $48.90 and a twelve month high of $99.36. The company’s 50-day moving average price is $59.46 and its two-hundred day moving average price is $64.25.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.24 earnings per share. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 25th will be issued a $1.37 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is 711.69%.

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.