LyondellBasell Industries NV (LYB) Shares Bought by Caxton Associates LP

Caxton Associates LP lifted its stake in LyondellBasell Industries NV (NYSE:LYB) by 30.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,500 shares of the specialty chemicals company’s stock after purchasing an additional 1,500 shares during the quarter. Caxton Associates LP’s holdings in LyondellBasell Industries NV were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. BlueCrest Capital Management Ltd lifted its position in shares of LyondellBasell Industries NV by 822.7% in the second quarter. BlueCrest Capital Management Ltd now owns 50,610 shares of the specialty chemicals company’s stock worth $4,271,000 after purchasing an additional 45,125 shares in the last quarter. FTB Advisors Inc. lifted its position in shares of LyondellBasell Industries NV by 97.0% in the second quarter. FTB Advisors Inc. now owns 44,313 shares of the specialty chemicals company’s stock worth $3,740,000 after purchasing an additional 21,814 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of LyondellBasell Industries NV by 10,925.4% in the second quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock worth $427,685,000 after purchasing an additional 5,021,985 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of LyondellBasell Industries NV in the second quarter worth approximately $252,000. Finally, Sii Investments Inc. WI purchased a new stake in shares of LyondellBasell Industries NV in the second quarter worth approximately $504,000. 73.81% of the stock is owned by institutional investors and hedge funds.

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Shares of LyondellBasell Industries NV (NYSE LYB) traded down 0.63% during trading on Wednesday, reaching $97.44. 205,212 shares of the company traded hands. The stock’s 50 day moving average price is $94.78 and its 200-day moving average price is $87.30. The stock has a market cap of $38.57 billion, a P/E ratio of 10.88 and a beta of 1.04. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $100.74.

LyondellBasell Industries NV (NYSE:LYB) last released its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.14. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 EPS. On average, equities research analysts expect that LyondellBasell Industries NV will post $9.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s payout ratio is 40.18%.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.

A number of analysts have recently issued reports on the stock. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 price target (up from $88.00) on shares of LyondellBasell Industries NV in a research report on Tuesday. HSBC Holdings plc lowered shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research report on Tuesday. Cowen and Company reissued a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a research report on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. Finally, Nomura reissued a “hold” rating and issued a $99.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Tuesday, September 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries NV has an average rating of “Hold” and a consensus price target of $94.80.

LyondellBasell Industries NV 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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