Bank of Nova Scotia Sells 105,035 Shares of LyondellBasell Industries NV (LYB)

Bank of Nova Scotia lowered its position in LyondellBasell Industries NV (NYSE:LYB) by 19.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 437,082 shares of the specialty chemicals company’s stock after selling 105,035 shares during the period. Bank of Nova Scotia owned 0.11% of LyondellBasell Industries NV worth $36,886,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LYB. Harbour Capital Advisors LLC bought a new position in LyondellBasell Industries NV in the first quarter worth approximately $107,000. Point72 Asia Hong Kong Ltd bought a new position in LyondellBasell Industries NV in the first quarter worth approximately $132,000. American Beacon Advisors Inc. bought a new position in LyondellBasell Industries NV in the first quarter worth approximately $161,000. Seven Bridges Advisors LLC boosted its holdings in LyondellBasell Industries NV by 32.8% in the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 478 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC boosted its holdings in LyondellBasell Industries NV by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 73.81% of the company’s stock.

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Several brokerages have issued reports on LYB. Deutsche Bank AG reiterated a “buy” rating and issued a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Cowen and Company reiterated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. UBS AG reiterated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of LyondellBasell Industries NV in a report on Sunday, June 25th. HSBC Holdings plc assumed coverage on LyondellBasell Industries NV in a report on Monday, June 26th. They issued a “buy” rating and a $101.00 target price on the stock. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $92.00 target price on shares of LyondellBasell Industries NV in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries NV currently has a consensus rating of “Hold” and a consensus target price of $94.33.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down 1.19% during mid-day trading on Tuesday, hitting $97.86. The company had a trading volume of 741,748 shares. The firm has a market capitalization of $38.73 billion, a PE ratio of 10.93 and a beta of 1.04. LyondellBasell Industries NV has a 52 week low of $76.71 and a 52 week high of $100.74. The firm has a 50-day moving average price of $94.49 and a 200-day moving average price of $87.22.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.14. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. Equities analysts forecast that LyondellBasell Industries NV will post $9.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were given a $0.90 dividend. The ex-dividend date was Friday, September 1st. This rep

A number of other large investors have also recently made changes to their positions in LYB. Harbour Capital Advisors LLC bought a new position in LyondellBasell Industries NV in the first quarter worth approximately $107,000. Point72 Asia Hong Kong Ltd bought a new position in LyondellBasell Industries NV in the first quarter worth approximately $132,000. American Beacon Advisors Inc. bought a new position in LyondellBasell Industries NV in the first quarter worth approximately $161,000. Seven Bridges Advisors LLC boosted its holdings in LyondellBasell Industries NV by 32.8% in the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 478 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC boosted its holdings in LyondellBasell Industries NV by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 73.81% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This article was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://ledgergazette.com/2017/10/10/bank-of-nova-scotia-sells-105035-shares-of-lyondellbasell-industries-nv-lyb.html.

Several brokerages have issued reports on LYB. Deutsche Bank AG reiterated a “buy” rating and issued a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Cowen and Company reiterated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. UBS AG reiterated a “neutral” rating and issued a $85.00 price target (down previously from $94.00) on shares of LyondellBasell Industries NV in a report on Sunday, June 25th. HSBC Holdings plc assumed coverage on LyondellBasell Industries NV in a report on Monday, June 26th. They issued a “buy” rating and a $101.00 target price on the stock. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $92.00 target price on shares of LyondellBasell Industries NV in a report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries NV currently has a consensus rating of “Hold” and a consensus target price of $94.33.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down 1.19% during mid-day trading on Tuesday, hitting $97.86. The company had a trading volume of 741,748 shares. The firm has a market capitalization of $38.73 billion, a PE ratio of 10.93 and a beta of 1.04. LyondellBasell Industries NV has a 52 week low of $76.71 and a 52 week high of $100.74. The firm has a 50-day moving average price of $94.49 and a 200-day moving average price of $87.22.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.14. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. Equities analysts forecast that LyondellBasell Industries NV will post $9.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were given a $0.90 dividend. The ex-dividend date was Friday, September 1st. This represents a $3.60 annualized dividend and a yield of 3.63%. LyondellBasell Industries NV’s dividend payout ratio (DPR) is presently 40.18%.

About LyondellBasell Industries NV

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.

Institutional Ownership by Quarter for LyondellBasell Industries NV (NYSE:LYB)

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