KG&L Capital Management LLC Has $636,000 Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

KG&L Capital Management LLC cut its position in LyondellBasell Industries N.V. (NYSE:LYB) by 24.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,725 shares of the specialty chemicals company’s stock after selling 2,795 shares during the period. KG&L Capital Management LLC’s holdings in LyondellBasell Industries were worth $636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LYB. Proficio Capital Partners LLC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $3,760,000. M&T Bank Corp grew its position in LyondellBasell Industries by 2.4% in the 4th quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company’s stock valued at $1,467,000 after purchasing an additional 461 shares during the period. Farther Finance Advisors LLC grew its position in LyondellBasell Industries by 28.3% in the 1st quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company’s stock valued at $642,000 after purchasing an additional 2,021 shares during the period. Harbor Capital Advisors Inc. acquired a new position in LyondellBasell Industries during the first quarter worth $442,000. Finally, Lazard Asset Management LLC lifted its stake in shares of LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 214 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $57.55 on Thursday. The firm has a market capitalization of $18.50 billion, a PE ratio of 17.76, a P/E/G ratio of 2.17 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average price of $57.96 and a two-hundred day moving average price of $67.67. LyondellBasell Industries N.V. has a twelve month low of $51.11 and a twelve month high of $100.46.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the previous year, the business earned $1.53 earnings per share. LyondellBasell Industries’s revenue was down 7.6% on a year-over-year basis. Equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date was Monday, June 2nd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s payout ratio is presently 169.14%.

Analyst Ratings Changes

Several brokerages recently weighed in on LYB. Fermium Researc raised shares of LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Citigroup cut their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Piper Sandler dropped their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Finally, Argus downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.75.

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.