KG&L Capital Management LLC Trims Stock Position in LyondellBasell Industries (NYSE:LYB)

KG&L Capital Management LLC decreased its position in LyondellBasell Industries (NYSE:LYB) by 7.2% in the fourth quarter, according to its most recent Form 13F filing 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 and other institutional investors also recently bought and sold shares of the company. CVA Family Office LLC grew its position in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares in the last quarter. Webster Bank N. A. lifted its stake in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Matrix Trust Co bought a new position in LyondellBasell Industries during the 3rd quarter worth about $30,000. Rosenberg Matthew Hamilton increased its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $31,000. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho cut their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Finally, Piper Sandler reissued a “neutral” rating and set a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $94.33.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $75.53 on Friday. The firm has a market capitalization of $24.53 billion, a P/E ratio of 11.50, a PEG ratio of 5.26 and a beta of 1.06. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average price of $76.46 and a 200 day moving average price of $87.27.

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 return on equity of 17.05% and a net margin of 5.29%. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts expect that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

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.