BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in LyondellBasell Industries NV (NYSE:LYB) by 8.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,262 shares of the specialty chemicals company’s stock after purchasing an additional 19,311 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of LyondellBasell Industries worth $23,798,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of LYB. BDO Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 64.5% in the third 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 in the last quarter. Seven Bridges Advisors LLC grew its stake in shares of LyondellBasell Industries by 32.8% in the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 478 shares in the last quarter. Vicus Capital bought a new position in shares of LyondellBasell Industries in the third quarter valued at $203,000. Park Avenue Securities LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at $206,000. Finally, WESPAC Advisors SoCal LLC grew its stake in shares of LyondellBasell Industries by 4.9% in the second 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 in the last quarter. Institutional investors own 74.29% of the company’s stock.
In other news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by company insiders.
LyondellBasell Industries NV (LYB) traded up $0.11 on Thursday, hitting $104.69. The stock had a trading volume of 2,102,000 shares, compared to its average volume of 2,566,980. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 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 has a market capitalization of $41,252.66, a P/E ratio of 10.81, a P/E/G ratio of 1.17 and a beta of 1.07.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, December 4th. LyondellBasell Industries’s dividend payout ratio is currently 38.59%.
LYB has been the subject of several analyst reports. Jefferies Group set a $88.00 target price on shares of LyondellBasell Industries and gave the company a “hold” rating in a research note on Monday, August 21st. Cowen reaffirmed a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries in a research report on Monday, August 28th. ValuEngine raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Nomura reaffirmed a “hold” rating and set a $99.00 price objective (up from $90.00) on shares of LyondellBasell Industries in a research report on Tuesday, September 26th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries in a research report on Saturday, September 30th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $100.47.
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LyondellBasell Industries 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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