Kendall Capital Management Decreases Position in LyondellBasell Industries (NYSE:LYB)

Kendall Capital Management cut its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,040 shares of the specialty chemicals company’s stock after selling 250 shares during the period. Kendall Capital Management’s holdings in LyondellBasell Industries were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Trading Up 2.1 %

Shares of 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 business’s fifty day simple moving average is $76.04 and its 200-day simple moving average is $83.59. The company has a market capitalization of $25.08 billion, a PE ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last announced 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 company earned $1.26 earnings per share. As a group, equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 6.91%. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

Wall Street Analyst Weigh In

LYB has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Mizuho decreased their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays decreased their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, Royal Bank of Canada lifted their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.25.

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.