LyondellBasell Industries NV (LYB) Shares Bought by Palladium Partners LLC

Palladium Partners LLC boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,157 shares of the specialty chemicals company’s stock after acquiring an additional 1,684 shares during the quarter. Palladium Partners LLC’s holdings in LyondellBasell Industries NV were worth $9,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in LyondellBasell Industries NV by 11.6% in the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after acquiring an additional 2,327,350 shares during the last quarter. U S Global Investors Inc. increased its stake in LyondellBasell Industries NV by 40.0% in the second quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after acquiring an additional 1,400 shares during the last quarter. Brookstone Capital Management increased its stake in LyondellBasell Industries NV by 8.7% in the second quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock valued at $5,912,000 after acquiring an additional 5,624 shares during the last quarter. Ray Gerald L & Associates Ltd. increased its stake in LyondellBasell Industries NV by 84.9% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Artemis Investment Management LLP bought a new position in LyondellBasell Industries NV in the second quarter valued at $13,041,000. 74.58% of the stock is currently owned by institutional investors and hedge funds.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

A number of brokerages have recently issued reports on LYB. Deutsche Bank AG reaffirmed a “buy” rating and set a $94.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. Zacks Investment Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $100.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, November 1st. Finally, Barclays PLC raised their price objective on LyondellBasell Industries NV from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. LyondellBasell Industries NV currently has a consensus rating of “Hold” and an average target price of $99.56.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded down $1.24 on Thursday, reaching $102.50. 1,438,000 shares of the company’s stock traded hands, compared to its average volume of 2,607,667. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $107.83. The stock has a market capitalization of $40,530.00, a price-to-earnings ratio of 10.73, a PEG ratio of 1.16 and a beta of 1.08.

TRADEMARK VIOLATION NOTICE: “LyondellBasell Industries NV (LYB) Shares Bought by Palladium Partners LLC” was published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/16/lyondellbasell-industries-nv-lyb-shares-bought-by-palladium-partners-llc.html.

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.

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

Receive News & Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply