Sompo Japan Nipponkoa Asset Management CO. LTD. Takes $5.64 Million Position in LyondellBasell Industries NV (LYB)

Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new stake in shares of LyondellBasell Industries NV (NYSE:LYB) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,901 shares of the specialty chemicals company’s stock, valued at approximately $5,636,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in LyondellBasell Industries by 11.6% during 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 buying an additional 2,327,350 shares in the last quarter. U S Global Investors Inc. raised its holdings in LyondellBasell Industries by 40.0% during 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 buying an additional 1,400 shares in the last quarter. Brookstone Capital Management raised its holdings in LyondellBasell Industries by 8.7% during the second quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock valued at $5,912,000 after buying an additional 5,624 shares in the last quarter. Ray Gerald L & Associates Ltd. raised its holdings in LyondellBasell Industries by 84.9% during 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 buying an additional 2,250 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new position in LyondellBasell Industries during the second quarter valued at about $13,041,000. Institutional investors own 74.29% of the company’s stock.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by company insiders.

LYB has been the topic of several recent research reports. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a report on Thursday, October 12th. Morgan Stanley set a $115.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday. Jefferies Group reaffirmed a “hold” rating and issued a $95.00 price target (up from $88.00) on shares of LyondellBasell Industries in a research report on Tuesday, October 10th. downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a research report on Tuesday, October 10th. Finally, Cowen reaffirmed a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $100.47.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down $0.60 during trading hours on Monday, hitting $104.10. The stock had a trading volume of 2,332,700 shares, compared to its average volume of 2,572,516. The firm has a market capitalization of $41,063.32, a P/E ratio of 10.77, a P/E/G ratio of 1.16 and a beta of 1.07. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month 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 announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Monday, December 4th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 38.59%.

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About LyondellBasell Industries

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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