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Economy

Raymond James Trust NA Buys 930 Company Stocks In LyondellBasell Industries

Wells Fargo & Company MN owned approximately 0.35% of LyondellBasell Industries NV worth $115,964,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. The stock of LyondellBasell Industries NV (NYSE:LYB) has "Overweight" rating given on Tuesday, August 2 by Barclays Capital. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company's stock valued at $163,000 after purchasing an additional 478 shares in the last quarter. Glenview Trust Co lifted its stake in shares of LyondellBasell Industries NV by 0.5% during the first quarter. The hedge fund held 22,544 stocks of the specialty chemicals firms shares following acquiring an extra 930 shares through out the quarter. Beutel Goodman & Co Ltd. bought a new position in shares of LyondellBasell Industries NV in the 2nd quarter worth $102,907,000. First Heartland Consultants Inc. lifted its stake in shares of LyondellBasell Industries NV by 1.9% during the first quarter. CAPROCK Group Inc. lifted its stake in shares of LyondellBasell Industries NV by 1.0% during the second quarter. The company's stock had a trading volume of 510,310 shares.

A number of research firms recently commented on LYB. UBS AG reissued a "neutral" rating and issued a $85.00 price target (down from $94.00) on shares of LyondellBasell Industries NV in a research report on Sunday, June 25th. The company's P/E (price to earnings) ratio is 10.4 and Forward P/E ratio of 10.36. Macquarie Research downgraded LyondellBasell Industries NV (NYSE:LYB) on Monday, October 12 to "Neutral" rating. Finally, Nippon Life Insurance Co. lifted its stake in shares of LyondellBasell Industries NV by 0.6% during the second quarter.

When it comes to the Analysis of a Stock, Price Target plays a vital role. Wolverine Asset Mngmt Limited Liability reported 0.01% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). If you are viewing this news story on another site, it was copied illegally and republished in violation of worldwide trademark & copyright laws. The original version of this piece of content can be viewed at https://stocknewstimes.com/2017/09/12/lyondellbasell-industries-nv-lyb-position-reduced-by-neuberger-berman-group-llc.html. RBC Capital Markets downgraded LyondellBasell Industries NV (NYSE:LYB) on Wednesday, February 3 to "Outperform" rating. LYB's latest closing price was 7.15% away from the average-price of 200 days while it maintained a distance of 6.76% from the 50 Day Moving Average and 4.89% away compared to its SMA 20. LyondellBasell Industries NV has a 52-week low of 74.02 and a 52-week high of 97.64. The company has market cap of $833.54 billion. The Anchor Bolt Capital Lp holds 187,689 shares with $16.10M value, down from 640,212 last quarter. The business had revenue of $8.40 billion for the quarter, compared to analysts' expectations of $8.52 billion. Net profit margin of LyondellBasell Industries N.V. (LYB) was recorded at 11.4 percent, operating profit margin was 15.9 percent, while gross profit margin stands at 18.8 percent. During the same quarter a year ago, the business earned $2.56 EPS. During the same period in the previous year, the firm posted $2.56 EPS. Equities research analysts expect that LyondellBasell Industries NV will post $9.93 earnings per share for the current year.

LyondellBasell Industries NV declared that its board has approved a share repurchase plan on Wednesday, May 24th that allows the company to repurchase 1,000% of outstanding shares. This repurchase authorization allows the specialty chemicals company to repurchase shares of its stock through open market purchases. Stocks repurchase programs are often a sign that the firms board believes its shares is undervalued.

Most recently the business also announced dividend for the quarter, expected to be paid on early Wed, Sep 13th. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company's stock worth $228,000 after buying an additional 47 shares during the period. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, September 1st. Beacon stated it has 1.61% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). The stock of International Business Machines Corp. The stock was unloaded at a price range of of $89.20, amounting to $287,580.80. Raymond James Trust N.A.'s holdings in LyondellBasell Industries were valued $1,902,000 as of its latest disclosure with the securities and exchange commission. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own. Moreover, Federated Invsts Inc Pa has 0.06% invested in LyondellBasell Industries NV (NYSE:LYB). The Firm operates in five divisions: Olefins and Polyolefins-Americas, Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.



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