28,495 Shares in LyondellBasell Industries (NYSE:LYB) Purchased by Virtu Financial LLC

Virtu Financial LLC bought a new position in LyondellBasell Industries (NYSE:LYB) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 28,495 shares of the specialty chemicals company’s stock, valued at approximately $2,733,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of LyondellBasell Industries by 13.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,378 shares of the specialty chemicals company’s stock worth $3,289,000 after buying an additional 3,957 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in LyondellBasell Industries by 2.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,500 shares of the specialty chemicals company’s stock worth $3,779,000 after acquiring an additional 838 shares during the last quarter. Fiduciary Financial Group LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter worth about $329,000. Ellsworth Advisors LLC lifted its stake in shares of LyondellBasell Industries by 4.3% in the 2nd quarter. Ellsworth Advisors LLC now owns 51,784 shares of the specialty chemicals company’s stock valued at $4,954,000 after purchasing an additional 2,127 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of a number of recent research reports. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Barclays reduced their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.50.

LyondellBasell Industries Price Performance

Shares of LYB opened at $76.43 on Thursday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 2.13 and a beta of 1.05. LyondellBasell Industries has a 52 week low of $75.98 and a 52 week high of $107.02. The stock has a 50 day moving average of $86.50 and a 200-day moving average of $92.59.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.01%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

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.