Koshinski Asset Management Inc. Decreases Position in LyondellBasell Industries NV (NYSE:LYB)

Koshinski Asset Management Inc. decreased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 2.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,610 shares of the specialty chemicals company’s stock after selling 196 shares during the quarter. Koshinski Asset Management Inc.’s holdings in LyondellBasell Industries were worth $640,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LYB. Cerity Partners LLC lifted its holdings in LyondellBasell Industries by 4.7% in the fourth quarter. Cerity Partners LLC now owns 2,662 shares of the specialty chemicals company’s stock valued at $221,000 after acquiring an additional 120 shares during the period. Bell & Brown Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 2.4% in the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 5,250 shares of the specialty chemicals company’s stock valued at $437,000 after acquiring an additional 125 shares during the period. First Command Bank lifted its holdings in LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 125 shares during the period. Zeke Capital Advisors LLC lifted its holdings in LyondellBasell Industries by 1.4% in the first quarter. Zeke Capital Advisors LLC now owns 9,754 shares of the specialty chemicals company’s stock valued at $820,000 after acquiring an additional 133 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in LyondellBasell Industries by 2.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,116 shares of the specialty chemicals company’s stock valued at $430,000 after acquiring an additional 134 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Shares of LYB stock traded down $0.32 during trading hours on Friday, hitting $86.07. 31,425 shares of the company’s stock were exchanged, compared to its average volume of 2,931,465. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83. The company has a market cap of $31.99 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 1.06 and a beta of 1.18. LyondellBasell Industries NV has a fifty-two week low of $73.94 and a fifty-two week high of $117.85.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.11 EPS. Analysts anticipate that LyondellBasell Industries NV will post 10.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.88%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 7th. LyondellBasell Industries’s dividend payout ratio is presently 37.27%.

A number of research analysts have issued reports on the company. Jefferies Financial Group boosted their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a report on Friday, April 26th. Dougherty & Co downgraded LyondellBasell Industries from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, April 2nd. Finally, Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $87.00 to $113.00 in a report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $112.13.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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

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