Commerce Bank purchased a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,604 shares of the specialty chemicals company’s stock, valued at approximately $258,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. raised its stake in LyondellBasell Industries NV by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after purchasing an additional 2,327,350 shares during the period. U S Global Investors Inc. raised its stake in LyondellBasell Industries NV by 40.0% during the second quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock worth $414,000 after purchasing an additional 1,400 shares during the period. Brookstone Capital Management raised its stake in LyondellBasell Industries NV by 8.7% during the second quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock worth $5,912,000 after purchasing an additional 5,624 shares during the period. Ray Gerald L & Associates Ltd. raised its stake in LyondellBasell Industries NV by 84.9% during the second quarter. Ray Gerald L & Associates Ltd. now owns 4,900 shares of the specialty chemicals company’s stock worth $414,000 after purchasing an additional 2,250 shares during the period. Finally, Artemis Investment Management LLP purchased a new position in LyondellBasell Industries NV during the second quarter worth approximately $13,041,000. 74.91% of the stock is currently owned by institutional investors.

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In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were 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 Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

A number of equities analysts have weighed in on the stock. Nomura reaffirmed a “hold” rating and set a $99.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Tuesday, September 26th. Royal Bank Of Canada raised their target price on shares of LyondellBasell Industries NV from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. SunTrust Banks, Inc. reissued a “hold” rating and issued a $100.00 target price on shares of LyondellBasell Industries NV in a research note on Wednesday, November 1st. ValuEngine raised shares of LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, UBS AG raised their target price on shares of LyondellBasell Industries NV from $88.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries NV has an average rating of “Hold” and a consensus price target of $99.56.

Shares of LyondellBasell Industries NV (NYSE LYB) opened at $103.82 on Wednesday. The firm has a market cap of $41,130.38, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.16 and a beta of 1.08. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $107.83. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, December 4th. LyondellBasell Industries NV’s payout ratio is 38.59%.

LyondellBasell Industries NV 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.

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

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