Advisor Group Inc. boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,425 shares of the specialty chemicals company’s stock after acquiring an additional 2,851 shares during the period. Advisor Group Inc.’s holdings in LyondellBasell Industries were worth $3,470,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of LyondellBasell Industries by 3.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 47,764 shares of the specialty chemicals company’s stock valued at $4,731,000 after purchasing an additional 1,444 shares in the last quarter. Chicago Equity Partners LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $618,000. Sei Investments Co. lifted its holdings in shares of LyondellBasell Industries by 43.8% in the third quarter. Sei Investments Co. now owns 144,066 shares of the specialty chemicals company’s stock valued at $14,269,000 after purchasing an additional 43,878 shares in the last quarter. Intrust Bank NA lifted its holdings in shares of LyondellBasell Industries by 17.7% in the third quarter. Intrust Bank NA now owns 5,832 shares of the specialty chemicals company’s stock valued at $578,000 after purchasing an additional 877 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of LyondellBasell Industries by 9.4% in the third quarter. Toronto Dominion Bank now owns 124,487 shares of the specialty chemicals company’s stock valued at $12,329,000 after purchasing an additional 10,729 shares in the last quarter. Institutional investors and hedge funds own 75.15% of the company’s stock.
Shares of LyondellBasell Industries NV (LYB) opened at $110.34 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $43,090.00, a P/E ratio of 10.81, a P/E/G ratio of 1.16 and a beta of 1.12. LyondellBasell Industries NV has a 52-week low of $78.01 and a 52-week high of $121.95.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, March 5th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.63%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 39.18%.
LYB has been the topic of a number of recent research reports. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Citigroup raised their target price on LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. SunTrust Banks restated a “hold” rating and issued a $105.00 target price on shares of LyondellBasell Industries in a report on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $119.00 target price on shares of LyondellBasell Industries in a report on Thursday, January 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $108.24.
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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