Voya Investment Management LLC Sells 60,691 Shares of LyondellBasell Industries (NYSE:LYB)

Voya Investment Management LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 44.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,434 shares of the specialty chemicals company's stock after selling 60,691 shares during the quarter. Voya Investment Management LLC's holdings in LyondellBasell Industries were worth $5,528,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LYB. Webster Bank N. A. raised its position in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries in the 4th quarter valued at $37,000. Covestor Ltd increased its holdings in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $59,000. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

NYSE LYB traded up $0.13 during trading on Tuesday, reaching $56.34. 726,338 shares of the company traded hands, compared to its average volume of 2,537,280. The stock's 50 day moving average price is $65.40 and its two-hundred day moving average price is $74.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market cap of $18.11 billion, a price-to-earnings ratio of 13.64, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 1-year low of $51.11 and a 1-year high of $107.02.

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

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.51%. LyondellBasell Industries's dividend payout ratio is currently 165.43%.

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 dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LYB shares. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Citigroup cut their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Piper Sandler dropped their target price on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, StockNews.com downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $69.75.

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.