Virtu Financial LLC Sells 7,385 Shares of LyondellBasell Industries (NYSE:LYB)

Virtu Financial LLC lowered its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 21,110 shares of the specialty chemicals company's stock after selling 7,385 shares during the quarter. Virtu Financial LLC's holdings in LyondellBasell Industries were worth $1,568,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. HighTower Advisors LLC increased its position in LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock valued at $99,557,000 after purchasing an additional 159,803 shares during the period. JPMorgan Chase & Co. increased its position in shares of LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after buying an additional 187,150 shares during the period. Quantinno Capital Management LP raised its stake in LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock worth $5,936,000 after buying an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock worth $964,000 after buying an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC boosted its position in LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after acquiring an additional 20,310 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

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LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $0.11 during midday trading on Thursday, reaching $70.95. 3,277,961 shares of the company traded hands, compared to its average volume of 2,108,805. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 12 month low of $69.62 and a 12 month high of $107.02. The firm has a market capitalization of $22.95 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The business has a 50 day moving average of $75.85 and a two-hundred day moving average of $81.53.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the firm earned $1.26 EPS. As a group, research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's payout ratio is 129.47%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LYB. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. The Goldman Sachs Group dropped their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group dropped their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $88.25.

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.