Fieldpoint Private Securities LLC purchased a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,103 shares of the specialty chemicals company’s stock, valued at approximately $109,000.

A number of other large investors have also modified their holdings of the business. Sterling Capital Management LLC increased its stake in LyondellBasell Industries by 268.1% during the third quarter. Sterling Capital Management LLC now owns 87,430 shares of the specialty chemicals company’s stock worth $8,660,000 after purchasing an additional 63,680 shares during the period. Guardian Capital LP purchased a new stake in LyondellBasell Industries during the third quarter worth about $363,000. Piedmont Investment Advisors LLC increased its stake in LyondellBasell Industries by 0.6% during the third quarter. Piedmont Investment Advisors LLC now owns 151,985 shares of the specialty chemicals company’s stock worth $15,054,000 after purchasing an additional 839 shares during the period. California Public Employees Retirement System increased its stake in LyondellBasell Industries by 0.9% during the third quarter. California Public Employees Retirement System now owns 1,079,225 shares of the specialty chemicals company’s stock worth $106,897,000 after purchasing an additional 9,992 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in LyondellBasell Industries by 98.0% during the third quarter. Janney Montgomery Scott LLC now owns 38,779 shares of the specialty chemicals company’s stock worth $3,841,000 after purchasing an additional 19,192 shares during the period. Institutional investors own 74.29% of the company’s stock.

LyondellBasell Industries NV (NYSE LYB) opened at $106.03 on Friday. 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 stock has a market capitalization of $41,587.95, a P/E ratio of 10.90, a P/E/G ratio of 1.18 and a beta of 1.07. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $108.13.

The firm also recently declared 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 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Monday, December 4th. LyondellBasell Industries’s dividend payout ratio (DPR) is 38.59%.

A number of equities analysts have recently commented on LYB shares. Cowen reissued a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, October 4th. Morgan Stanley set a $115.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Saturday, December 2nd. UBS boosted their price objective on LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Thursday, October 12th. Finally, Jefferies Group reissued a “hold” rating and set a $95.00 price objective (up from $88.00) on shares of LyondellBasell Industries in a research report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $100.47.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’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 value of $163,271.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.09% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “1,103 Shares in LyondellBasell Industries NV (LYB) Purchased by Fieldpoint Private Securities LLC” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/12/16/1103-shares-in-lyondellbasell-industries-nv-lyb-purchased-by-fieldpoint-private-securities-llc.html.

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.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

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

Receive News & Stock Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related stocks with our FREE daily email newsletter.