Toronto Dominion Bank Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Toronto Dominion Bank lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,745 shares of the specialty chemicals company’s stock after acquiring an additional 2,770 shares during the quarter. Toronto Dominion Bank’s holdings in LyondellBasell Industries were worth $14,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LYB. Spire Wealth Management grew its holdings 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 increased its holdings in LyondellBasell Industries by 3.6% during the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after buying an additional 109 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its holdings in 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 valued at $910,000 after buying an additional 114 shares during the period. Metis Global Partners LLC raised its stake in LyondellBasell Industries by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock worth $1,261,000 after buying an additional 115 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 11.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 125 shares during the period. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LYB. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. UBS Group cut their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, BMO Capital Markets increased their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $105.17.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded up $0.66 during mid-day trading on Friday, reaching $97.26. The stock had a trading volume of 1,113,508 shares, compared to its average volume of 1,789,746. 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 has a 1-year low of $88.46 and a 1-year high of $107.02. The firm has a market cap of $31.67 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.18 and a beta of 1.09. The business’s fifty day moving average is $96.15 and its 200-day moving average is $97.95.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 EPS. On average, research analysts forecast that LyondellBasell Industries will post 8.3 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 5.51%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.