Nomura Asset Management Co. Ltd. reduced its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,073 shares of the specialty chemicals company’s stock after selling 844 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in LyondellBasell Industries were worth $10,903,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. BDO Wealth Advisors LLC lifted its holdings in 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 worth $177,000 after buying an additional 700 shares during the period. Seven Bridges Advisors LLC lifted its holdings in 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 worth $163,000 after buying an additional 478 shares during the period. Vicus Capital purchased a new stake in LyondellBasell Industries in the third quarter worth about $203,000. Park Avenue Securities LLC purchased a new stake in LyondellBasell Industries in the third quarter worth about $206,000. Finally, WESPAC Advisors SoCal LLC lifted its holdings in 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 worth $179,000 after buying an additional 100 shares during the period. Institutional investors own 74.29% of the company’s stock.

LYB has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a report on Thursday, October 12th. Morgan Stanley set a $115.00 price objective on shares of LyondellBasell Industries and gave the stock a “buy” rating in a report on Saturday. Jefferies Group restated a “hold” rating and issued a $95.00 price objective (up from $88.00) on shares of LyondellBasell Industries in a report on Tuesday, October 10th. lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price objective for the company. in a report on Tuesday, October 10th. Finally, Cowen restated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $100.47.

LyondellBasell Industries NV (NYSE:LYB) traded up $0.77 during mid-day trading on Wednesday, hitting $104.58. 2,171,000 shares of the stock traded hands, compared to its average volume of 2,568,967. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83. The stock has a market capitalization of $40,948.92, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. 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 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. 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 payout ratio is 38.59%.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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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.

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

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