LyondellBasell Industries (NYSE:LYB) Shares Purchased by Versor Investments LP

Versor Investments LP raised its stake in LyondellBasell Industries (NYSE:LYB) by 34.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,600 shares of the specialty chemicals company’s stock after purchasing an additional 5,500 shares during the period. Versor Investments LP’s holdings in LyondellBasell Industries were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LYB. Spire Wealth Management grew its stake in shares of LyondellBasell Industries by 4.2% during the first quarter. Spire Wealth Management now owns 2,534 shares of the specialty chemicals company’s stock worth $259,000 after purchasing an additional 102 shares in the last quarter. Lantz Financial LLC raised its position in shares of LyondellBasell Industries by 3.6% during the 1st quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after acquiring an additional 109 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its stake in LyondellBasell Industries by 1.2% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock worth $910,000 after purchasing an additional 114 shares during the last quarter. Metis Global Partners LLC boosted its holdings in LyondellBasell Industries by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in LyondellBasell Industries by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. UBS Group reduced their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Barclays upped their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Finally, Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $107.55.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded up $0.53 during midday trading on Monday, reaching $98.70. The company’s stock had a trading volume of 3,213,400 shares, compared to its average volume of 1,771,029. The firm has a market capitalization of $32.09 billion, a PE ratio of 15.26, a P/E/G ratio of 1.33 and a beta of 1.09. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The stock’s 50 day simple moving average is $96.31 and its 200 day simple moving average is $98.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period in the prior year, the business posted $2.44 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 8.11 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 26th will be given a $1.34 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.43%. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.