Axa Purchases 40,372 Shares of LyondellBasell Industries NV (LYB)

Axa raised its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 3.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,146,510 shares of the specialty chemicals company’s stock after purchasing an additional 40,372 shares during the quarter. Axa owned 0.29% of LyondellBasell Industries worth $113,562,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Salem Investment Counselors Inc. lifted its position in shares of LyondellBasell Industries by 80.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 800 shares in the last quarter. Cypress Capital Group lifted its position in shares of LyondellBasell Industries by 62.9% during the 3rd quarter. Cypress Capital Group now owns 9,052 shares of the specialty chemicals company’s stock valued at $897,000 after buying an additional 3,495 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at about $1,135,000. Cetera Advisors LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at about $243,000. Finally, Yellowstone Partners LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at about $467,000. 74.29% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the company. Royal Bank of Canada boosted their price target on LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Nomura reissued a “hold” rating and issued a $99.00 price target (up from $90.00) on shares of LyondellBasell Industries in a report on Tuesday, September 26th. SunTrust Banks reissued a “hold” rating and issued a $100.00 price target on shares of LyondellBasell Industries in a report on Wednesday, November 1st. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Finally, UBS boosted their price target on LyondellBasell Industries from $88.00 to $96.00 and gave the stock a “neutral” rating in a report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $100.47.

In other 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 transaction of $163,271.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by corporate insiders.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down $2.07 on Friday, hitting $105.43. The stock had a trading volume of 2,380,200 shares, compared to its average volume of 2,553,346. The stock has a market cap of $42,404.48, a PE ratio of 11.12, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $108.13. 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Monday, December 4th. This represents a $3.60 annualized dividend and a dividend yield of 3.41%. LyondellBasell Industries’s dividend payout ratio (DPR) is 38.59%.

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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.

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

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