Oppenheimer & Co. Inc. Grows Position in LyondellBasell Industries NV (LYB)

Oppenheimer & Co. Inc. lifted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 40.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,484 shares of the specialty chemicals company’s stock after purchasing an additional 6,769 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in LyondellBasell Industries were worth $2,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of LYB. Seven Bridges Advisors LLC grew its stake in shares of LyondellBasell Industries by 32.8% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 478 shares in the last quarter. BDO Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 64.5% in the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after buying an additional 700 shares in the last quarter. WESPAC Advisors SoCal LLC grew its stake in shares of LyondellBasell Industries by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 100 shares in the last quarter. WFG Advisors LP grew its stake in shares of LyondellBasell Industries by 66.4% in the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after buying an additional 883 shares in the last quarter. Finally, HighVista Strategies LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 74.29% of the company’s stock.

LyondellBasell Industries NV (NYSE LYB) traded up $0.77 during midday trading on Wednesday, hitting $104.58. The stock had a trading volume of 2,171,000 shares, compared to its average volume of 2,568,967. 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 firm has a market capitalization of $40,948.92, a price-to-earnings ratio of 10.73, a P/E/G ratio of 1.16 and a beta of 1.07. LyondellBasell Industries NV has a 52 week low of $78.01 and a 52 week high of $107.83.

The company also recently disclosed 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 of this dividend is Monday, December 4th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.44%. LyondellBasell Industries’s payout ratio is presently 38.59%.

Several equities research analysts recently weighed in on the company. Cowen restated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries in a report on Wednesday, October 4th. Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a report on Saturday. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Thursday, October 12th. SunTrust Banks restated a “hold” rating and set a $100.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, November 1st. Finally, Barclays boosted their price objective on LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.47.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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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.

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

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