Parametric Portfolio Associates LLC Has $140.87 Million Position in LyondellBasell Industries NV (LYB)
Parametric Portfolio Associates LLC increased its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,422,187 shares of the specialty chemicals company’s stock after purchasing an additional 85,841 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.36% of LyondellBasell Industries worth $140,868,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of LYB. Fieldpoint Private Securities LLC purchased a new stake in LyondellBasell Industries in the third quarter valued at about $109,000. BDO Wealth Advisors LLC raised its stake 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 buying an additional 700 shares during the last quarter. WESPAC Advisors SoCal LLC raised its stake 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 buying an additional 100 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in LyondellBasell Industries by 80.0% in the third 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 during the last quarter. Finally, WFG Advisors LP raised its stake 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 buying an additional 883 shares during the last quarter. Hedge funds and other institutional investors own 74.29% of the company’s stock.
A number of equities research analysts have commented on LYB shares. Cowen reiterated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a research note on Monday, August 28th. UBS increased their price target on LyondellBasell Industries from $88.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a report on Tuesday, October 10th. 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. Finally, ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Two equities 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 given a strong buy rating to the company’s stock. LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $100.47.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s 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 document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded down $2.07 during mid-day trading 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 company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $42,404.48, a price-to-earnings ratio of 11.12, a PEG ratio of 1.20 and a beta of 1.07. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $108.13.
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 $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend was Monday, December 4th. LyondellBasell Industries’s dividend payout ratio is presently 38.59%.
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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.
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