LyondellBasell Industries (NYSE:LYB) Shares Sold by Kendall Capital Management

Kendall Capital Management lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 4,040 shares of the specialty chemicals company’s stock after selling 250 shares during the quarter. Kendall Capital Management’s holdings in LyondellBasell Industries were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after buying an additional 18,311 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,707 shares of the specialty chemicals company’s stock valued at $1,410,000 after buying an additional 802 shares during the period. Assetmark Inc. lifted its holdings in shares of LyondellBasell Industries by 17.1% in the 3rd quarter. Assetmark Inc. now owns 26,388 shares of the specialty chemicals company’s stock valued at $2,531,000 after buying an additional 3,863 shares during the period. Atria Investments Inc lifted its holdings in shares of LyondellBasell Industries by 0.8% in the 3rd quarter. Atria Investments Inc now owns 47,792 shares of the specialty chemicals company’s stock valued at $4,583,000 after buying an additional 399 shares during the period. Finally, Arrow Financial Corp lifted its holdings in shares of LyondellBasell Industries by 4.4% in the 3rd quarter. Arrow Financial Corp now owns 11,622 shares of the specialty chemicals company’s stock valued at $1,115,000 after buying an additional 492 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Barclays reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Piper Sandler reduced their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $88.25.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $77.53 on Monday. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The stock has a 50 day moving average of $76.04 and a two-hundred day moving average of $83.59. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market cap of $25.08 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the business earned $1.26 earnings per share. On average, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $1.34 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.91%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

LyondellBasell Industries Company 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.