Apollon Wealth Management LLC Purchases Shares of 4,347 LyondellBasell Industries (NYSE:LYB)

Apollon Wealth Management LLC purchased a new stake in LyondellBasell Industries (NYSE:LYBGet Rating) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,347 shares of the specialty chemicals company’s stock, valued at approximately $380,000.

Several other large investors have also recently bought and sold shares of the stock. City State Bank raised its holdings in LyondellBasell Industries by 6.2% in the 1st quarter. City State Bank now owns 1,705 shares of the specialty chemicals company’s stock valued at $175,000 after acquiring an additional 100 shares during the period. Blair William & Co. IL raised its holdings in LyondellBasell Industries by 1.0% in the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares during the period. Covestor Ltd raised its holdings in LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 113 shares during the period. Quent Capital LLC raised its holdings in LyondellBasell Industries by 23.4% in the 1st quarter. Quent Capital LLC now owns 602 shares of the specialty chemicals company’s stock valued at $62,000 after acquiring an additional 114 shares during the period. Finally, Sandy Spring Bank increased its holdings in shares of LyondellBasell Industries by 1.2% during the second quarter. Sandy Spring Bank now owns 9,518 shares of the specialty chemicals company’s stock worth $832,000 after purchasing an additional 115 shares during the period. 70.07% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $88.09 on Thursday. LyondellBasell Industries has a fifty-two week low of $71.46 and a fifty-two week high of $117.22. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.61 and a quick ratio of 0.94. The firm has a market capitalization of $28.68 billion, a P/E ratio of 6.82, a P/E/G ratio of 0.88 and a beta of 1.21. The company’s 50 day moving average price is $79.72 and its two-hundred day moving average price is $88.61.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 28th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $4.76 dividend on an annualized basis and a yield of 5.40%. LyondellBasell Industries’s dividend payout ratio is currently 36.87%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of LyondellBasell Industries in a report on Thursday, October 13th. They set a “sell” rating and a $80.00 target price on the stock. Citigroup raised their target price on shares of LyondellBasell Industries from $79.00 to $80.00 in a report on Monday, October 31st. Barclays cut shares of LyondellBasell Industries from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $95.00 to $82.00 in a report on Monday, October 31st. UBS Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $83.00 and set a “neutral” rating on the stock in a report on Monday, September 19th. Finally, Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 1st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $93.00.

About LyondellBasell Industries

(Get Rating)

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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

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