LyondellBasell Industries NV (LYB) Shares Bought by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 10.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,994 shares of the specialty chemicals company’s stock after purchasing an additional 1,049 shares during the quarter. Institute for Wealth Management LLC.’s holdings in LyondellBasell Industries were worth $1,215,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Hudock Capital Group LLC raised its stake in shares of LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 552 shares in the last quarter. Cornerstone Advisors Inc. raised its stake in shares of LyondellBasell Industries by 138.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock valued at $104,000 after buying an additional 571 shares in the last quarter. Penserra Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at $109,000. Atlas Capital Advisors LLC raised its stake in shares of LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 661 shares in the last quarter. Finally, Sun Life Financial INC raised its stake in shares of LyondellBasell Industries by 843.4% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 72.71% of the company’s stock.

A number of equities analysts have recently issued reports on LYB shares. MED restated a “buy” rating and issued a $140.00 price objective on shares of LyondellBasell Industries in a research note on Monday, May 7th. Barclays restated a “buy” rating and issued a $135.00 price objective on shares of LyondellBasell Industries in a research note on Sunday, May 20th. Jefferies Financial Group upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and increased their price objective for the company from $78.01 to $121.95 in a research note on Wednesday, May 16th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research note on Monday, July 2nd. Finally, Citigroup restated a “buy” rating and issued a $122.00 price objective on shares of LyondellBasell Industries in a research note on Tuesday, July 10th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $118.57.

Shares of LyondellBasell Industries stock opened at $115.12 on Monday. The stock has a market cap of $44.82 billion, a P/E ratio of 11.25, a PEG ratio of 1.02 and a beta of 1.09. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a 12-month low of $88.81 and a 12-month high of $121.95.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.44. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. equities research analysts forecast that LyondellBasell Industries NV will post 11.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Wednesday, September 5th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Tuesday, September 4th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 39.10%.

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

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