Mather Group LLC. Has $384,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Mather Group LLC. lifted its position in LyondellBasell Industries (NYSE:LYB) by 45.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,757 shares of the specialty chemicals company’s stock after acquiring an additional 1,169 shares during the period. Mather Group LLC.’s holdings in LyondellBasell Industries were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LYB. Spire Wealth Management raised 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 buying an additional 102 shares during the period. Lantz Financial LLC raised its holdings in LyondellBasell Industries by 3.6% during the 1st quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after buying an additional 109 shares during the period. Pinnacle Wealth Management Advisory Group LLC raised its holdings in LyondellBasell Industries by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock worth $910,000 after buying an additional 114 shares during the period. Metis Global Partners LLC raised its holdings in LyondellBasell Industries by 0.9% during the 4th 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 during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in LyondellBasell Industries by 11.3% during the 4th 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. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on LYB shares. BMO Capital Markets raised their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday. UBS Group decreased their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $105.67.

LyondellBasell Industries Stock Performance

Shares of LYB traded up $2.96 during mid-day trading on Tuesday, hitting $95.52. 2,528,509 shares of the company’s stock were exchanged, compared to its average volume of 1,792,086. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The stock’s 50-day simple moving average is $95.88 and its 200-day simple moving average is $98.12. The firm has a market cap of $31.10 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $2.44 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 8.3 EPS for the current year.

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 $1.34 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a yield of 5.61%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 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.