Kwmg LLC Purchases 1,312 Shares of LyondellBasell Industries (NYSE:LYB)

Kwmg LLC lifted its stake in LyondellBasell Industries (NYSE:LYB) by 2.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 52,099 shares of the specialty chemicals company’s stock after acquiring an additional 1,312 shares during the period. Kwmg LLC’s holdings in LyondellBasell Industries were worth $5,329,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Capital World Investors acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $197,305,000. Pacer Advisors Inc. increased its holdings in shares of LyondellBasell Industries by 35.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after buying an additional 935,430 shares in the last quarter. Norges Bank acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $82,854,000. Bank of Nova Scotia increased its holdings in shares of LyondellBasell Industries by 3,162.5% in the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after purchasing an additional 595,431 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of LyondellBasell Industries by 9.9% in the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after purchasing an additional 569,887 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on LYB. Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Mizuho raised their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Finally, Barclays raised their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Stock Up 0.1 %

LYB traded up $0.08 during trading on Wednesday, hitting $95.56. The company had a trading volume of 753,586 shares, compared to its average volume of 1,850,943. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The firm’s 50-day moving average price is $98.40 and its 200 day moving average price is $97.96. The company has a market capitalization of $31.12 billion, a PE ratio of 14.76, a PEG ratio of 1.18 and a beta of 1.13. LyondellBasell Industries has a one year low of $87.91 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the business posted $2.50 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.61%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

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.