WINTON GROUP Ltd reduced its holdings in LyondellBasell Industries NV (NYSE:LYB) by 53.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,823 shares of the specialty chemicals company’s stock after selling 10,283 shares during the quarter. WINTON GROUP Ltd’s holdings in LyondellBasell Industries were worth $874,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. BDO Wealth Advisors LLC grew its holdings in shares of LyondellBasell Industries by 64.5% during 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 in the last quarter. Seven Bridges Advisors LLC grew its holdings in shares of LyondellBasell Industries by 32.8% during 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 in the last quarter. Vicus Capital bought a new position in shares of LyondellBasell Industries during the third quarter worth about $203,000. Park Avenue Securities LLC bought a new position in shares of LyondellBasell Industries during the third quarter worth about $206,000. Finally, WESPAC Advisors SoCal LLC grew its holdings in shares of LyondellBasell Industries by 4.9% during 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 in the last quarter. Institutional investors own 74.29% of the company’s stock.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s 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 document filed with the SEC, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, December 5th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $3.60 dividend on an annualized basis and a yield of 3.44%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 38.59%.
A number of research analysts recently issued reports on LYB shares. Royal Bank Of Canada increased their price objective on LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Cowen increased their price objective on LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, October 16th. SunTrust Banks reiterated a “hold” rating and set a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries in a report on Saturday, September 30th. UBS increased their price target on LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Finally, Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $100.47.
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About LyondellBasell Industries
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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