Kwmg LLC Has $4.03 Million Position in LyondellBasell Industries N.V. $LYB

Kwmg LLC raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,048 shares of the specialty chemicals company’s stock after acquiring an additional 13,552 shares during the quarter. Kwmg LLC’s holdings in LyondellBasell Industries were worth $4,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LYB. Cooper Financial Group increased its position in LyondellBasell Industries by 4.3% during the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock worth $252,000 after acquiring an additional 211 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of LyondellBasell Industries by 2.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock worth $458,000 after purchasing an additional 226 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of LyondellBasell Industries by 1.4% during the third quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after purchasing an additional 241 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of LyondellBasell Industries by 2.2% during the third quarter. Concurrent Investment Advisors LLC now owns 13,090 shares of the specialty chemicals company’s stock worth $642,000 after purchasing an additional 282 shares during the period. Finally, Greenwood Capital Associates LLC raised its position in shares of LyondellBasell Industries by 1.5% in the third quarter. Greenwood Capital Associates LLC now owns 19,459 shares of the specialty chemicals company’s stock valued at $954,000 after buying an additional 283 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Down 5.0%

NYSE:LYB opened at $76.51 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a market cap of $24.65 billion, a PE ratio of -32.83, a P/E/G ratio of 0.46 and a beta of 0.39. The firm’s 50 day simple moving average is $62.49 and its 200 day simple moving average is $52.10.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The company had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio is currently -118.45%.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on shares of LyondellBasell Industries from $70.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $52.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, March 19th. The Goldman Sachs Group reiterated a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, BMO Capital Markets raised shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $38.00 to $68.00 in a report on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $66.89.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.