SPC Financial Inc. Has $655,000 Position in LyondellBasell Industries (NYSE:LYB)

SPC Financial Inc. grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 6,407 shares of the specialty chemicals company’s stock after buying an additional 249 shares during the period. SPC Financial Inc.’s holdings in LyondellBasell Industries were worth $655,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LYB. Scotia Capital Inc. acquired a new position in shares of LyondellBasell Industries during the third quarter valued at about $521,000. OLD National Bancorp IN raised its position in LyondellBasell Industries by 0.4% in the third quarter. OLD National Bancorp IN now owns 92,681 shares of the specialty chemicals company’s stock worth $8,777,000 after purchasing an additional 362 shares in the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new position in LyondellBasell Industries during the third quarter worth about $12,667,000. Graham Capital Management L.P. lifted its stake in LyondellBasell Industries by 27.9% during the third quarter. Graham Capital Management L.P. now owns 8,021 shares of the specialty chemicals company’s stock worth $760,000 after purchasing an additional 1,749 shares during the period. Finally, Aurora Investment Counsel lifted its stake in LyondellBasell Industries by 2.9% during the third quarter. Aurora Investment Counsel now owns 17,031 shares of the specialty chemicals company’s stock worth $1,613,000 after purchasing an additional 483 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the topic of several recent analyst reports. Citigroup boosted their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Royal Bank of Canada boosted their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. UBS Group decreased their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets boosted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $104.77.

LyondellBasell Industries Trading Up 1.4 %

Shares of LYB stock traded up $1.31 on Thursday, reaching $94.16. 1,884,154 shares of the stock were exchanged, compared to its average volume of 1,840,320. The stock has a market cap of $30.66 billion, a PE ratio of 14.57, a P/E/G ratio of 1.17 and a beta of 1.09. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The stock has a 50 day moving average price of $97.13 and a 200 day moving average price of $97.93.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.50 earnings per share. Equities research analysts forecast that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were given a dividend of $1.34 per share. The ex-dividend date was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.69%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is presently 82.84%.

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.