Latest Stocks: Texas Yale Capital Corp. Holds Position in LyondellBasell Industries NV (LYB)

Latest Stocks: Texas Yale Capital Corp. Holds Position in LyondellBasell Industries NV (LYB)

Texas Yale Capital Corp. held its stake in LyondellBasell Industries NV (NYSE:LYB) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,372 shares of the specialty chemicals company’s stock at the end of the first quarter. Texas Yale Capital Corp.’s holdings in LyondellBasell Industries NV were worth $1,219,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in LyondellBasell Industries NV by 9.7% in the third quarter. Wells Fargo & Company MN now owns 1,444,859 shares of the specialty chemicals company’s stock worth $116,543,000 after buying an additional 127,993 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in shares of LyondellBasell Industries NV by 28.2% in the third quarter. Tocqueville Asset Management L.P. now owns 9,764 shares of the specialty chemicals company’s stock valued at $788,000 after buying an additional 2,146 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in shares of LyondellBasell Industries NV by 9.1% in the third quarter. Advisors Asset Management Inc. now owns 127,805 shares of the specialty chemicals company’s stock valued at $10,309,000 after buying an additional 10,712 shares in the last quarter. Huntington National Bank boosted its stake in shares of LyondellBasell Industries NV by 131.4% in the third quarter. Huntington National Bank now owns 9,946 shares of the specialty chemicals company’s stock valued at $803,000 after buying an additional 5,647 shares in the last quarter. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of LyondellBasell Industries NV during the third quarter valued at $471,000. 69.75% of the stock is currently owned by institutional investors and hedge funds.

Shares of LyondellBasell Industries NV (NYSE:LYB) opened at 78.91 on Tuesday. The firm has a 50-day moving average of $82.70 and a 200 day moving average of $88.07. The firm has a market cap of $31.79 billion, a PE ratio of 9.03 and a beta of 1.04. LyondellBasell Industries NV has a 52 week low of $69.82 and a 52 week high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.36 by $0.36. The firm had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.59 billion. LyondellBasell Industries NV had a net margin of 13.15% and a return on equity of 63.76%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Equities research analysts predict that LyondellBasell Industries NV will post $9.79 EPS for the current fiscal year. The company also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Monday, June 5th will be paid a dividend of $0.90 per share. This is an increase from LyondellBasell Industries NV’s previous quarterly dividend of $0.85. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Thursday, June 1st. LyondellBasell Industries NV’s payout ratio is currently 37.36%.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.36 by $0.36. The firm had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.59 billion. LyondellBasell Industries NV had a net margin of 13.15% and a return on equity of 63.76%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.48 earnings per share. Equities research analysts predict that LyondellBasell Industries NV will post $9.79 EPS for the current fiscal year. Several analysts have recently commented on the stock. Zacks Investment Research cut shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research note on Tuesday, February 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $95.00 price objective (up from $92.00) on shares of LyondellBasell Industries NV in a report on Monday, February 6th. Instinet increased their price objective on shares of LyondellBasell Industries NV from $82.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $100.00 target price on shares of LyondellBasell Industries NV in a report on Friday, February 10th. Finally, Evercore ISI initiated coverage on shares of LyondellBasell Industries NV in a report on Monday, February 13th. They issued a “buy” rating and a $109.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $91.00.

In related news, major shareholder Ai New Holdings 2 Llc sold 139,617 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $89.12, for a total transaction of $12,442,667.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock. LyondellBasell Industries NV Company Profile

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