Kapitalo Investimentos Ltda Takes Position in LyondellBasell Industries (NYSE:LYB)

Kapitalo Investimentos Ltda acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,108 shares of the specialty chemicals company’s stock, valued at approximately $581,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PGGM Investments grew its stake in shares of LyondellBasell Industries by 6.9% during the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock valued at $1,299,000 after purchasing an additional 879 shares during the period. International Assets Investment Management LLC bought a new position in LyondellBasell Industries in the fourth quarter worth approximately $14,000,000. Invesco Ltd. boosted its stake in shares of LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after acquiring an additional 815,083 shares during the last quarter. Arvest Investments Inc. bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $2,001,000. Finally, Oak Thistle LLC purchased a new stake in shares of LyondellBasell Industries in the 4th quarter worth $1,426,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LYB shares. Wolfe Research assumed coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. Citigroup increased their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Mizuho upped their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. JPMorgan Chase & Co. lifted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Finally, Barclays boosted their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $105.08.

LyondellBasell Industries Trading Up 1.3 %

Shares of LYB traded up $1.20 during trading hours on Tuesday, reaching $95.15. 288,776 shares of the company traded hands, compared to its average volume of 1,826,862. LyondellBasell Industries has a 12-month low of $86.64 and a 12-month high of $107.02. The firm has a market cap of $30.98 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.16 and a beta of 1.13. The stock’s fifty day moving average price is $99.16 and its 200 day moving average price is $97.86. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

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 analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.50 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.