Versor Investments LP Reduces Stake in LyondellBasell Industries (NYSE:LYB)

Versor Investments LP lessened its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 42.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the specialty chemicals company's stock after selling 9,100 shares during the period. Versor Investments LP's holdings in LyondellBasell Industries were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LYB. State Board of Administration of Florida Retirement System increased its holdings in shares of LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company's stock worth $26,512,000 after buying an additional 21,809 shares during the last quarter. Banco Santander S.A. acquired a new position in LyondellBasell Industries in the 1st quarter worth approximately $3,607,000. Foresight Capital Management Advisors Inc. acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $1,416,000. PGGM Investments raised its holdings in shares of LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company's stock valued at $2,119,000 after purchasing an additional 7,168 shares in the last quarter. Finally, Capital World Investors grew its position in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

Shares of LYB traded down $1.34 during mid-day trading on Tuesday, hitting $83.63. 1,948,510 shares of the stock were exchanged, compared to its average volume of 1,870,745. The firm has a 50-day moving average of $92.05 and a two-hundred day moving average of $95.37. LyondellBasell Industries has a 52-week low of $83.36 and a 52-week high of $107.02. The company has a market cap of $27.16 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.36 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS. On average, equities analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.41%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LYB. Mizuho dropped their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $101.70.

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.