LyondellBasell Industries (NYSE:LYB) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC lowered its position in LyondellBasell Industries (NYSE:LYB) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,520 shares of the specialty chemicals company’s stock after selling 891 shares during the period. KG&L Capital Management LLC’s holdings in LyondellBasell Industries were worth $874,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LYB. HighTower Advisors LLC raised its holdings in LyondellBasell Industries by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after purchasing an additional 159,803 shares during the period. JPMorgan Chase & Co. raised its stake in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after buying an additional 187,150 shares during the period. Quantinno Capital Management LP lifted its position in shares of LyondellBasell Industries by 23.1% during the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after buying an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after acquiring an additional 20,310 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

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

Analysts Set New Price Targets

Several analysts have recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Finally, Morgan Stanley reduced their price objective on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $94.33.

LyondellBasell Industries Trading Down 0.8 %

Shares of LYB opened at $75.53 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $76.46 and a 200 day moving average price of $87.27. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The firm has a market capitalization of $24.53 billion, a P/E ratio of 11.50, a P/E/G ratio of 5.26 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. During the same period in the previous year, the company posted $1.26 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.10%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

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.