KG&L Capital Management LLC Purchases 1,151 Shares of LyondellBasell Industries (NYSE:LYB)

KG&L Capital Management LLC lifted its holdings in LyondellBasell Industries (NYSE:LYB) by 10.2% during the third quarter, Holdings Channel reports. The institutional investor owned 12,411 shares of the specialty chemicals company’s stock after acquiring an additional 1,151 shares during the quarter. KG&L Capital Management LLC’s holdings in LyondellBasell Industries were worth $1,194,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LYB. CVA Family Office LLC boosted its stake in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares in the last quarter. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. Blue Trust Inc. grew its stake in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. Finally, Matrix Trust Co bought a new position in LyondellBasell Industries during the 3rd quarter valued at approximately $30,000. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LYB has been the topic of a number of recent research reports. Barclays cut their target price on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. UBS Group cut their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $106.33.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $86.56 on Monday. LyondellBasell Industries has a 12-month low of $85.64 and a 12-month high of $107.02. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $28.14 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.64 and a beta of 1.08. The stock has a 50-day moving average price of $93.56 and a 200 day moving average price of $95.99.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.15). The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm posted $2.46 EPS. Equities research analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 6.19%. LyondellBasell Industries’s dividend payout ratio (DPR) is 75.39%.

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.