Stifel Financial Corp decreased its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,733 shares of the specialty chemicals company’s stock after selling 10,161 shares during the period. Stifel Financial Corp’s holdings in LyondellBasell Industries were worth $18,928,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in LyondellBasell Industries by 2.8% during the second quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after purchasing an additional 821,391 shares in the last quarter. Vanguard Group Inc. raised its holdings in LyondellBasell Industries by 2.0% during the second quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock worth $2,070,041,000 after purchasing an additional 473,129 shares in the last quarter. BlackRock Inc. raised its holdings in LyondellBasell Industries by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after purchasing an additional 2,327,350 shares in the last quarter. Capital World Investors raised its holdings in LyondellBasell Industries by 23.0% during the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after purchasing an additional 3,651,750 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in LyondellBasell Industries by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after purchasing an additional 1,069,625 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.
In other news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.09% of the stock is owned by corporate insiders.
Several research analysts recently issued reports on the stock. Cowen reissued a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries in a report on Wednesday, October 4th. Morgan Stanley set a $115.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, December 2nd. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Finally, Barclays increased their target price on shares of LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $100.47.
LyondellBasell Industries NV (NYSE LYB) traded up $0.11 during mid-day trading on Thursday, hitting $104.69. 2,102,000 shares of the stock traded hands, compared to its average volume of 2,566,980. The firm has a market capitalization of $41,252.66, a price-to-earnings ratio of 10.81, a PEG ratio of 1.17 and a beta of 1.07. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $107.83. 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 declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th will be given a $0.90 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $3.60 annualized dividend and a dividend yield of 3.44%. LyondellBasell Industries’s dividend payout ratio is presently 38.59%.
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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