LyondellBasell Industries (NYSE:LYB) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 10,932.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 212,256 shares of the specialty chemicals company's stock after purchasing an additional 210,332 shares during the quarter. GAMMA Investing LLC owned approximately 0.07% of LyondellBasell Industries worth $14,943,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LYB. Lazard Asset Management LLC boosted its position in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in LyondellBasell Industries during the 4th quarter valued at $37,000. Covestor Ltd boosted its position in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares in the last quarter. Versant Capital Management Inc boosted its position in LyondellBasell Industries by 127.9% during the 1st quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock valued at $61,000 after acquiring an additional 486 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in LyondellBasell Industries by 110.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the specialty chemicals company's stock valued at $82,000 after acquiring an additional 614 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LYB shares. The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Finally, Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded up $1.03 on Friday, hitting $56.63. The company had a trading volume of 3,663,145 shares, compared to its average volume of 2,747,300. The firm has a market cap of $18.20 billion, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. The company has a 50-day moving average price of $57.67 and a 200-day moving average price of $69.67. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. LyondellBasell Industries's revenue for the quarter was down 7.6% on a year-over-year basis. As a group, equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Monday, June 2nd will be paid a dividend of $1.37 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a yield of 9.68%. The ex-dividend date of this dividend is Monday, June 2nd. LyondellBasell Industries's payout ratio is 169.14%.

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.