Stratos Wealth Partners LTD. boosted its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 460.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,843 shares of the specialty chemicals company’s stock after buying an additional 16,303 shares during the period. Stratos Wealth Partners LTD.’s holdings in LyondellBasell Industries NV were worth $1,965,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Seven Bridges Advisors LLC increased its stake in LyondellBasell Industries NV by 32.8% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares in the last quarter. Vicus Capital purchased a new stake in LyondellBasell Industries NV during the 3rd quarter worth approximately $203,000. WESPAC Advisors SoCal LLC increased its stake in LyondellBasell Industries NV by 4.9% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 100 shares in the last quarter. WFG Advisors LP increased its stake in LyondellBasell Industries NV by 66.4% during the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock worth $187,000 after buying an additional 883 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC purchased a new stake in LyondellBasell Industries NV during the 3rd quarter worth approximately $220,000. Institutional investors own 74.58% of the company’s stock.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’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 value of $163,271.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.
LyondellBasell Industries NV (NYSE LYB) traded up $0.21 on Thursday, reaching $102.71. The company had a trading volume of 356,039 shares, compared to its average volume of 2,607,667. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month high of $107.83. The firm has a market capitalization of $40,921.31, a PE ratio of 10.73, a PEG ratio of 1.16 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16.
LYB has been the subject of several research reports. BidaskClub lowered LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company reiterated a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. Deutsche Bank AG reiterated a “buy” rating and set a $94.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Zacks Investment Research lowered LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, UBS AG upped their price target on LyondellBasell Industries NV from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries NV presently has an average rating of “Hold” and an average price target of $99.56.
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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.
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