AMP Capital Investors Ltd lowered its stake in LyondellBasell Industries NV (NYSE:LYB) by 3.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 279,465 shares of the specialty chemicals company’s stock after selling 9,862 shares during the quarter. AMP Capital Investors Ltd owned 0.07% of LyondellBasell Industries worth $27,681,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in LYB. BlackRock Inc. raised its holdings in shares of LyondellBasell Industries by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after acquiring an additional 2,327,350 shares in the last quarter. U S Global Investors Inc. grew its stake in LyondellBasell Industries by 40.0% in the second quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock worth $414,000 after purchasing an additional 1,400 shares during the period. Brookstone Capital Management grew its stake in LyondellBasell Industries by 8.7% in the second quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock worth $5,912,000 after purchasing an additional 5,624 shares during the period. Ray Gerald L & Associates Ltd. grew its stake in shares of LyondellBasell Industries by 84.9% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,900 shares of the specialty chemicals company’s stock worth $414,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of LyondellBasell Industries in the second quarter worth $13,041,000. Hedge funds and other institutional investors own 74.29% of the company’s stock.
Shares of LyondellBasell Industries NV (LYB) traded up $0.59 during trading on Friday, hitting $106.03. The stock had a trading volume of 3,640,000 shares, compared to its average volume of 1,950,000. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month high of $108.13. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. The stock has a market cap of $41,820.00, a PE ratio of 10.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Monday, December 4th. LyondellBasell Industries’s dividend payout ratio is currently 38.38%.
LYB has been the topic of a number of recent research reports. Cowen reissued a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries in a research note on Monday, August 28th. UBS upped their price target on LyondellBasell Industries from $88.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 13th. downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a report on Tuesday, October 10th. SunTrust Banks reissued a “hold” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Finally, ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $100.47.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by company insiders.
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LyondellBasell Industries Company 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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