Donald L. Hagan LLC Takes $1.44 Million Position in LyondellBasell Industries (NYSE:LYB)

Donald L. Hagan LLC bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 20,501 shares of the specialty chemicals company’s stock, valued at approximately $1,443,000. LyondellBasell Industries accounts for approximately 0.8% of Donald L. Hagan LLC’s investment portfolio, making the stock its 29th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Ensign Peak Advisors Inc lifted its position in shares of LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company’s stock worth $167,448,000 after acquiring an additional 1,522,043 shares during the period. Amundi raised its position in LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock valued at $283,452,000 after purchasing an additional 1,260,913 shares during the last quarter. Norges Bank acquired a new position in LyondellBasell Industries during the 4th quarter worth about $81,015,000. Raymond James Financial Inc. acquired a new stake in LyondellBasell Industries in the 4th quarter valued at about $69,115,000. Finally, Dodge & Cox increased its position in LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company’s stock valued at $1,260,052,000 after acquiring an additional 851,365 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of a number of recent research reports. Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Fermium Researc upgraded LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. UBS Group restated a “sell” rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Finally, Argus downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.75.

LyondellBasell Industries Stock Down 1.6%

LYB stock opened at $60.16 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a market capitalization of $19.34 billion, a P/E ratio of 14.53, a P/E/G ratio of 0.97 and a beta of 0.82. The business has a 50-day moving average of $57.51 and a 200-day moving average of $69.03. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $100.46.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same period last year, the company posted $1.53 earnings per share. The business’s revenue for the quarter was down 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.37 per share. The ex-dividend date was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.11%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio (DPR) is 169.14%.

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.