Virtu Financial LLC Takes Position in LyondellBasell Industries (NYSE:LYB)

Virtu Financial LLC purchased a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 28,495 shares of the specialty chemicals company's stock, valued at approximately $2,733,000.

A number of other large investors also recently made changes to their positions in the business. Rockland Trust Co. boosted its holdings in shares of LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company's stock valued at $1,253,000 after purchasing an additional 112 shares during the last quarter. Petredis Investment Advisors LLC increased its position in LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company's stock worth $2,215,000 after purchasing an additional 116 shares in the last quarter. Verdence Capital Advisors LLC increased its position in LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company's stock worth $1,330,000 after purchasing an additional 120 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in LyondellBasell Industries by 25.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 122 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in LyondellBasell Industries by 3.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 4,055 shares of the specialty chemicals company's stock valued at $388,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LYB shares. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a report on Monday, November 4th. Barclays lowered their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Mizuho lowered their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and a consensus price target of $97.36.

LyondellBasell Industries Trading Up 0.1 %

NYSE LYB traded up $0.05 on Thursday, hitting $76.50. 1,429,753 shares of the stock were exchanged, compared to its average volume of 1,966,088. The company's 50-day moving average price is $86.12 and its two-hundred day moving average price is $92.48. The company has a market capitalization of $24.84 billion, a price-to-earnings ratio of 11.71, a P/E/G 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 company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

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

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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.