Buckingham Asset Management LLC bought a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,297 shares of the specialty chemicals company’s stock, valued at approximately $228,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of LyondellBasell Industries NV 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 acquiring an additional 821,391 shares during the last quarter. Vanguard Group Inc. increased its position in shares of LyondellBasell Industries NV 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 acquiring an additional 473,129 shares during the last quarter. BlackRock Inc. increased its position in shares of LyondellBasell Industries NV 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 acquiring an additional 2,327,350 shares during the last quarter. Capital World Investors increased its position in shares of LyondellBasell Industries NV 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 acquiring an additional 3,651,750 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of LyondellBasell Industries NV 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 acquiring an additional 1,069,625 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on LYB. Royal Bank Of Canada lifted their target price on LyondellBasell Industries NV from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays PLC boosted their price objective on LyondellBasell Industries NV from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 31st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries NV in a report on Wednesday, November 1st. Finally, Cowen and Company reissued a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries NV currently has an average rating of “Hold” and a consensus target price of $99.56.

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Shares of LyondellBasell Industries NV (LYB) traded up $0.70 during trading hours on Friday, reaching $103.90. The company had a trading volume of 1,401,905 shares, compared to its average volume of 2,601,659. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83. The company has a market capitalization of $40,710.00, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be issued a dividend of $0.90 per share. The ex-dividend date is Monday, December 4th. This represents a $3.60 annualized dividend and a yield of 3.46%. LyondellBasell Industries NV’s payout ratio is 38.38%.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the business’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 transaction of $163,271.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

LyondellBasell Industries NV 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.

Institutional Ownership by Quarter for LyondellBasell Industries NV (NYSE:LYB)

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