Kwmg LLC Raises Stake in LyondellBasell Industries N.V. $LYB

Key Points

• Kwmg LLC increased its stake in LyondellBasell Industries N.V. by 14.8%, holding 71,405 shares worth approximately $4.13 million at the end of the second quarter.
• LyondellBasell Industries saw its earnings per share miss consensus estimates at $0.62, significantly lower than the $2.24 reported in the same period last year.
• The company recently declared a quarterly dividend of $1.37, yielding about 10.7%, showing a high dividend payout ratio of 711.69%.

Kwmg LLC boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 14.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,405 shares of the specialty chemicals company's stock after acquiring an additional 9,228 shares during the period. Kwmg LLC's holdings in LyondellBasell Industries were worth $4,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Rossby Financial LCC bought a new stake in LyondellBasell Industries during the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC raised its stake in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Investment Management Corp VA ADV increased its position in LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 261 shares during the last quarter. Lazard Asset Management LLC increased its position in LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth about $42,000. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank Of Canada cut their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a report on Tuesday, August 5th. Mizuho upped their price target on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Citigroup cut their price target on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Rothschild & Co Redburn reduced their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Friday, September 12th. Finally, Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $63.93.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $51.09 on Tuesday. The business has a 50 day simple moving average of $56.00 and a 200-day simple moving average of $59.37. The stock has a market capitalization of $16.43 billion, a PE ratio of 66.36 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $97.60.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. During the same period last year, the company posted $2.24 EPS. Equities analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Insider Transactions at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

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.

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