Jaffetilchin Investment Partners LLC Invests $437,000 in LyondellBasell Industries (NYSE:LYB)

Jaffetilchin Investment Partners LLC purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,275 shares of the specialty chemicals company’s stock, valued at approximately $437,000.

Other institutional investors have also modified their holdings of the company. Spire Wealth Management raised its stake in LyondellBasell Industries by 4.2% during the 1st quarter. Spire Wealth Management now owns 2,534 shares of the specialty chemicals company’s stock worth $259,000 after acquiring an additional 102 shares in the last quarter. Lantz Financial LLC grew its holdings in shares of LyondellBasell Industries by 3.6% during the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after purchasing an additional 109 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of LyondellBasell Industries by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock worth $910,000 after purchasing an additional 114 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 11.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the topic of a number of recent research reports. BMO Capital Markets lifted their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Mizuho boosted their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Finally, UBS Group decreased their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.17.

LyondellBasell Industries Price Performance

Shares of LYB traded down $1.32 during mid-day trading on Thursday, hitting $98.14. The company’s stock had a trading volume of 1,642,360 shares, compared to its average volume of 1,778,643. The firm has a 50-day simple moving average of $96.07 and a 200 day simple moving average of $98.05. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The firm has a market capitalization of $31.96 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.21 and a beta of 1.09. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $1.34 per share. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Monday, June 3rd. 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.