ZWJ Investment Counsel Inc. increased its stake in LyondellBasell Industries NV (NYSE:LYB) by 11.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 141,431 shares of the specialty chemicals company’s stock after buying an additional 14,476 shares during the period. ZWJ Investment Counsel Inc.’s holdings in LyondellBasell Industries NV were worth $12,897,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its position in LyondellBasell Industries NV by 1.4% in the fourth quarter. Perigon Wealth Management LLC now owns 45,050 shares of the specialty chemicals company’s stock valued at $4,155,000 after buying an additional 610 shares during the period. Oliver Luxxe Assets LLC boosted its position in LyondellBasell Industries NV by 3.8% in the first quarter. Oliver Luxxe Assets LLC now owns 8,171 shares of the specialty chemicals company’s stock valued at $745,000 after buying an additional 297 shares during the period. Advisory Services Network LLC bought a new position in LyondellBasell Industries NV during the first quarter valued at $1,746,000. Adviser Investments LLC bought a new position in LyondellBasell Industries NV during the first quarter valued at $3,389,000. Finally, Thrivent Financial for Lutherans boosted its position in LyondellBasell Industries NV by 4.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 11,650 shares of the specialty chemicals company’s stock valued at $999,000 after buying an additional 490 shares during the period. Hedge funds and other institutional investors own 74.19% of the company’s stock.

Institutional Ownership by Quarter for LyondellBasell Industries NV (NYSE:LYB)

Shares of LyondellBasell Industries NV (LYB) traded up 0.83% during trading on Monday, reaching $81.55. 237,841 shares of the company were exchanged. LyondellBasell Industries NV has a 52-week low of $69.82 and a 52-week high of $97.64. The firm has a market cap of $32.85 billion, a price-to-earnings ratio of 9.33 and a beta of 1.04. The stock’s 50-day moving average is $81.30 and its 200-day moving average is $87.70.

LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.36 by $0.36. LyondellBasell Industries NV had a net margin of 11.67% and a return on equity of 60.80%. The company had revenue of $8.43 billion during the quarter, compared to the consensus estimate of $7.59 billion. During the same period last year, the firm posted $2.48 earnings per share. The company’s revenue for the quarter was up 25.0% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries NV will post $9.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Monday, June 5th were paid a $0.90 dividend. This is an increase from LyondellBasell Industries NV’s previous quarterly dividend of $0.85. This represents a $3.60 annualized dividend and a yield of 4.45%. The ex-dividend date was Thursday, June 1st. LyondellBasell Industries NV’s payout ratio is 41.33%.

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LYB has been the subject of several research analyst reports. Bank of America Corporation cut shares of LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and dropped their price objective for the stock from $98.00 to $70.00 in a research report on Monday, May 8th. Vertical Research upgraded shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, May 9th. Instinet dropped their price objective on shares of LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating for the company in a research report on Monday, May 1st. Jefferies Group LLC reiterated a “hold” rating and set a $88.00 target price on shares of LyondellBasell Industries NV in a research report on Friday. Finally, Citigroup Inc. reiterated an “overweight” rating on shares of LyondellBasell Industries NV in a research report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. LyondellBasell Industries NV has a consensus rating of “Hold” and a consensus price target of $91.00.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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