Voloridge Investment Management LLC Has $26.32 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Voloridge Investment Management LLC reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 354,388 shares of the specialty chemicals company's stock after selling 186,532 shares during the period. Voloridge Investment Management LLC owned about 0.11% of LyondellBasell Industries worth $26,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Sound Income Strategies LLC grew its stake in LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after buying an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $503,000. Proficio Capital Partners LLC bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $3,760,000. Finally, Mariner Investment Group LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $854,000. Institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. BMO Capital Markets lowered their target price on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group reissued a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Finally, Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $69.75.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at $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 SEC, which is available at the SEC website. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Up 2.7%

Shares of LYB traded up $1.50 on Tuesday, reaching $57.63. 1,709,898 shares of the company's stock were exchanged, compared to its average volume of 2,652,408. The business has a 50 day moving average price of $60.28 and a two-hundred day moving average price of $71.17. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.46. The stock has a market capitalization of $18.52 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS 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 for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the firm posted $1.53 EPS. The business's revenue was down 7.6% on a year-over-year basis. Research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 9.51%. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio is currently 169.14%.

LyondellBasell Industries 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.