Millennium Management LLC Has $12.74 Million Stake in LyondellBasell Industries NV (LYB)

Millennium Management LLC boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 59.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,471 shares of the specialty chemicals company’s stock after acquiring an additional 42,901 shares during the quarter. Millennium Management LLC’s holdings in LyondellBasell Industries were worth $12,739,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LYB. Fieldpoint Private Securities LLC bought a new stake in LyondellBasell Industries during the 3rd quarter worth about $109,000. TCI Wealth Advisors Inc. grew its holdings in LyondellBasell Industries by 229.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 708 shares during the last quarter. CENTRAL TRUST Co grew its holdings in LyondellBasell Industries by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC bought a new stake in LyondellBasell Industries during the 4th quarter worth about $134,000. Finally, Oakworth Capital Inc. grew its holdings in LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 501 shares during the last quarter. 75.13% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Robin W.T. Buchanan bought 322 shares of the company’s stock in a transaction on Wednesday, June 6th. The shares were purchased at an average cost of $81.86 per share, for a total transaction of $26,358.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 854 shares of company stock worth $79,915 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Shares of LYB stock opened at $104.85 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. The company has a market cap of $41,089.09, a price-to-earnings ratio of 10.25, a P/E/G ratio of 1.08 and a beta of 1.09. LyondellBasell Industries NV has a 52 week low of $78.01 and a 52 week high of $121.95.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. analysts forecast that LyondellBasell Industries NV will post 10.75 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were issued a dividend of $1.00 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 39.10%.

Several research analysts have recently issued reports on LYB shares. Morgan Stanley set a $130.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Monday, February 5th. Citigroup raised their target price on shares of LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. ValuEngine downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, SunTrust Banks reiterated a “hold” rating and issued a $105.00 price target on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $108.39.

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LyondellBasell Industries 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 (NYSE:LYB)

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