Guardian Capital LP acquired a new position in LyondellBasell Industries NV (NYSE:LYB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,665 shares of the specialty chemicals company’s stock, valued at approximately $363,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BDO Wealth Advisors LLC raised its stake in LyondellBasell Industries by 64.5% during the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after buying an additional 700 shares during the last quarter. WESPAC Advisors SoCal LLC raised its stake in LyondellBasell Industries by 4.9% during the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 100 shares during the last quarter. WFG Advisors LP raised its stake in LyondellBasell Industries by 66.4% during the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after buying an additional 883 shares during the last quarter. HighVista Strategies LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at $203,000. Finally, Vicus Capital purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at $203,000. Institutional investors own 74.29% of the company’s stock.
LYB has been the subject of several analyst reports. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Nomura restated a “hold” rating and issued a $99.00 price objective (up from $90.00) on shares of LyondellBasell Industries in a research note on Tuesday, September 26th. SunTrust Banks restated a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research note on Wednesday, November 1st. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, UBS upped their price objective on LyondellBasell Industries from $88.00 to $96.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $100.47.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded up $0.51 during trading on Thursday, reaching $107.50. 2,463,100 shares of the company traded hands, compared to its average volume of 2,554,067. The company has a market cap of $42,400.00, a P/E ratio of 11.06, a P/E/G ratio of 1.19 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $108.13.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Monday, December 4th. LyondellBasell Industries’s dividend payout ratio is currently 38.38%.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company’s stock.
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About LyondellBasell Industries
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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