Kapitalo Investimentos Ltda Makes New Investment in LyondellBasell Industries (NYSE:LYB)

Kapitalo Investimentos Ltda bought a new position in LyondellBasell Industries (NYSE:LYB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,098 shares of the specialty chemicals company’s stock, valued at approximately $201,000.

A number of other large investors have also modified their holdings of the stock. Syon Capital LLC raised its stake in shares of LyondellBasell Industries by 7.2% during the fourth quarter. Syon Capital LLC now owns 2,426 shares of the specialty chemicals company’s stock valued at $231,000 after purchasing an additional 162 shares during the period. Scarborough Advisors LLC acquired a new position in LyondellBasell Industries in the 4th quarter worth $37,000. Fisher Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $214,000. Quadrature Capital Ltd acquired a new stake in LyondellBasell Industries during the 4th quarter valued at approximately $691,000. Finally, HighPoint Advisor Group LLC purchased a new stake in LyondellBasell Industries during the 4th quarter worth approximately $449,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $91.91 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The firm has a market capitalization of $29.93 billion, a PE ratio of 14.21, a P/E/G ratio of 1.32 and a beta of 1.07. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The business’s fifty day moving average price is $95.53 and its two-hundred day moving average price is $97.24.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. On average, research analysts expect that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.83%. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays decreased their price target on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. UBS Group cut their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $106.40.

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.