Virtu Financial LLC Buys 63,854 Shares of LyondellBasell Industries N.V. $LYB

Virtu Financial LLC increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 212.7% during the fourth quarter, HoldingsChannel reports. The fund owned 93,876 shares of the specialty chemicals company’s stock after buying an additional 63,854 shares during the period. Virtu Financial LLC’s holdings in LyondellBasell Industries were worth $4,065,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Investment Research Partners LLC increased its holdings in LyondellBasell Industries by 4.4% during the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after purchasing an additional 214 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of LyondellBasell Industries by 3.5% in the fourth quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after purchasing an additional 272 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of LyondellBasell Industries by 5.6% in the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 293 shares in the last quarter. Vident Advisory LLC boosted its position in shares of LyondellBasell Industries by 1.1% during the second quarter. Vident Advisory LLC now owns 26,406 shares of the specialty chemicals company’s stock worth $1,528,000 after buying an additional 297 shares during the period. Finally, VSM Wealth Advisory LLC boosted its position in shares of LyondellBasell Industries by 33.3% during the third quarter. VSM Wealth Advisory LLC now owns 1,200 shares of the specialty chemicals company’s stock worth $59,000 after buying an additional 300 shares during the period. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on LYB shares. Wolfe Research lifted their target price on LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group upped their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Morgan Stanley raised their price target on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Bank of America reiterated an “underperform” rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a report on Monday, April 6th. Finally, Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $76.71.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $59.96 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business has a 50-day moving average of $69.82 and a 200-day moving average of $61.03. The stock has a market capitalization of $19.35 billion, a price-to-earnings ratio of -24.08, a PEG ratio of 0.14 and a beta of 0.28. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. LyondellBasell Industries’s revenue was down 6.3% on a year-over-year basis. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.6%. LyondellBasell Industries’s payout ratio is -110.84%.

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.