Sandy Spring Bank boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 38.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,782 shares of the specialty chemicals company’s stock after purchasing an additional 1,881 shares during the period. Sandy Spring Bank’s holdings in LyondellBasell Industries NV were worth $672,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in LYB. Bank of Nova Scotia grew its position in LyondellBasell Industries NV by 6,957.9% during the 1st quarter. Bank of Nova Scotia now owns 542,117 shares of the specialty chemicals company’s stock worth $49,437,000 after purchasing an additional 534,436 shares during the period. Achmea Investment Management B.V. purchased a new stake in shares of LyondellBasell Industries NV during the 1st quarter worth about $8,391,000. Bristlecone Advisors LLC boosted its stake in shares of LyondellBasell Industries NV by 16.1% during the 1st quarter. Bristlecone Advisors LLC now owns 10,370 shares of the specialty chemicals company’s stock worth $946,000 after acquiring an additional 1,440 shares in the last quarter. Pointe Capital Management LLC purchased a new stake in shares of LyondellBasell Industries NV during the 1st quarter worth about $370,000. Finally, American National Bank boosted its stake in shares of LyondellBasell Industries NV by 2.8% during the 2nd quarter. American National Bank now owns 37,366 shares of the specialty chemicals company’s stock worth $3,153,000 after acquiring an additional 1,017 shares in the last quarter. 74.27% of the stock is currently owned by institutional investors.
LyondellBasell Industries NV (LYB) traded up $0.18 during mid-day trading on Friday, reaching $104.37. 158,045 shares of the company’s stock were exchanged, compared to its average volume of 2,614,759. The firm has a market cap of $41,757.57, a P/E ratio of 10.95, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month high of $107.83.
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In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group LLC set a $88.00 target price on shares of LyondellBasell Industries NV and gave the stock a “hold” rating in a research note on Monday, August 21st. Barclays PLC increased their target price on shares of LyondellBasell Industries NV from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $100.00 target price on shares of LyondellBasell Industries NV in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $99.56.
About LyondellBasell Industries NV
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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