Lido Advisors LLC lifted its stake in LyondellBasell Industries NV (NYSE:LYB) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,977 shares of the specialty chemicals company’s stock after acquiring an additional 1,082 shares during the quarter. Lido Advisors LLC’s holdings in LyondellBasell Industries were worth $612,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Kemnay Advisory Services Inc. increased its position in shares of LyondellBasell Industries by 9.4% in the 3rd quarter. Kemnay Advisory Services Inc. now owns 12,714 shares of the specialty chemicals company’s stock valued at $1,303,000 after purchasing an additional 1,095 shares during the last quarter. Epoch Investment Partners Inc. increased its position in shares of LyondellBasell Industries by 441.2% in the 3rd quarter. Epoch Investment Partners Inc. now owns 543,980 shares of the specialty chemicals company’s stock valued at $55,764,000 after purchasing an additional 443,461 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of LyondellBasell Industries by 0.7% in the 3rd quarter. First Republic Investment Management Inc. now owns 682,344 shares of the specialty chemicals company’s stock valued at $69,947,000 after purchasing an additional 4,440 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $501,000. Finally, Assetmark Inc. increased its position in shares of LyondellBasell Industries by 9.3% in the 3rd quarter. Assetmark Inc. now owns 46,976 shares of the specialty chemicals company’s stock valued at $4,816,000 after purchasing an additional 4,003 shares during the last quarter. Hedge funds and other institutional investors own 73.24% of the company’s stock.

Several brokerages have recently issued reports on LYB. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Thursday, October 4th. Alembic Global Advisors set a $120.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a report on Monday, November 12th. Citigroup upped their target price on shares of LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Cowen upped their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Finally, BMO Capital Markets set a $101.00 target price on shares of LyondellBasell Industries and gave the company a “hold” rating in a report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $116.88.

Shares of LyondellBasell Industries stock opened at $84.37 on Friday. LyondellBasell Industries NV has a 12-month low of $84.17 and a 12-month high of $121.95. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $33.85 billion, a PE ratio of 7.27, a P/E/G ratio of 0.79 and a beta of 1.24.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.28. The firm had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. LyondellBasell Industries’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.67 EPS. As a group, research analysts expect that LyondellBasell Industries NV will post 11.81 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 10th will be paid a dividend of $1.00 per share. The ex-dividend date is Friday, December 7th. This represents a $4.00 dividend on an annualized basis and a yield of 4.74%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is currently 39.10%.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc purchased 131,870 shares of the firm’s stock in a transaction that occurred on Monday, November 5th. The stock was purchased at an average price of $93.10 per share, for a total transaction of $12,277,097.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $88.63 per share, with a total value of $443,150.00. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 4,401,236 shares of company stock valued at $418,531,263. 0.09% of the stock is owned by company insiders.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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

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