AMP Capital Investors Ltd reduced its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 3.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 279,465 shares of the specialty chemicals company’s stock after selling 9,862 shares during the quarter. AMP Capital Investors Ltd owned approximately 0.07% of LyondellBasell Industries worth $27,681,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Glenview Trust Co increased its holdings in shares of LyondellBasell Industries by 0.4% during the second quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock valued at $1,186,000 after acquiring an additional 50 shares in the last quarter. Kingfisher Capital LLC increased its holdings in LyondellBasell Industries by 0.5% in the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after buying an additional 75 shares during the period. Advisory Services Network LLC increased its holdings in LyondellBasell Industries by 0.4% in the 2nd quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock worth $1,622,000 after buying an additional 81 shares during the period. Nippon Life Insurance Co. increased its holdings in LyondellBasell Industries by 0.6% in the 2nd quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock worth $1,356,000 after buying an additional 88 shares during the period. Finally, Financial Counselors Inc. increased its holdings in LyondellBasell Industries by 2.5% in the 2nd quarter. Financial Counselors Inc. now owns 3,865 shares of the specialty chemicals company’s stock worth $326,000 after buying an additional 94 shares during the period. 74.29% of the stock is owned by institutional investors.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $106.51 on Friday. LyondellBasell Industries NV has a 52 week low of $78.01 and a 52 week high of $107.83. The stock has a market capitalization of $41,296.05, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.17 and a beta of 1.07. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Monday, December 4th. LyondellBasell Industries’s payout ratio is 38.59%.
Several research firms have commented on LYB. Cowen restated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, October 4th. Morgan Stanley set a $115.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Thursday, October 12th. SunTrust Banks reiterated a “hold” rating and set a $100.00 target price on shares of LyondellBasell Industries in a research report on Wednesday, November 1st. Finally, Barclays increased their target price on LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $100.47.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.
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LyondellBasell Industries Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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