California Public Employees Retirement System increased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 0.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,079,225 shares of the specialty chemicals company’s stock after buying an additional 9,992 shares during the period. California Public Employees Retirement System owned about 0.27% of LyondellBasell Industries worth $106,897,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the stock. BDO Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 64.5% in the third quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 700 shares in the last quarter. WESPAC Advisors SoCal LLC boosted its holdings in LyondellBasell Industries by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 100 shares in the last quarter. WFG Advisors LP boosted its holdings in LyondellBasell Industries by 66.4% in the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after purchasing an additional 883 shares in the last quarter. HighVista Strategies LLC acquired a new position in LyondellBasell Industries in the second quarter valued at approximately $203,000. Finally, Vicus Capital acquired a new position in LyondellBasell Industries in the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 74.29% of the company’s stock.

Several research firms have recently weighed in on LYB. Royal Bank of Canada increased their price objective on LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Barclays increased their price objective on LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 31st. Morgan Stanley set a $115.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, December 2nd. Finally, SunTrust Banks reissued a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $100.47.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded up $0.37 during midday trading on Tuesday, hitting $107.51. The company had a trading volume of 1,462,900 shares, compared to its average volume of 2,554,742. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 52-week low of $78.01 and a 52-week high of $108.05. The firm has a market capitalization of $42,262.48, a P/E ratio of 11.08, a PEG ratio of 1.20 and a beta of 1.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, December 5th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.35%. The ex-dividend date is Monday, December 4th. LyondellBasell Industries’s payout ratio is 38.59%.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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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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