Economy

LyondellBasell Industries NV (LYB) Stake Lowered by PointState Capital LP

LyondellBasell Industries NV's dividend payout ratio is now 40.18%. Over the last five days, shares have faced -0.3% losses and now is up 12.78% since hitting its 200-day moving average of $87.1.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings data on Friday, July 28th. It has underperformed by 16.37% the S&P500.

M&T Bank Corp increased Veeva Sys Inc (VEEV) stake by 155.49% reported in 2017Q2 SEC filing. Veeva Sys Inc now has $8.16B valuation. Catawba Management Va owns 2,875 shares or 0.06% of their USA portfolio.

About 274,449 shares traded. The correct version of this piece can be read at https://weekherald.com/2017/10/06/sii-investments-inc-wi-purchases-new-position-in-lyondellbasell-industries-nv-lyb.html. It has outperformed by 1.95% the S&P500.

Investors sentiment increased to 1.76 in 2017 Q2. It improved, as 24 investors sold VEEV shares while 83 reduced holdings. 99 funds opened positions while 89 raised stakes. Alphamark Advsrs Lc reported 50 shares. 265,000 are held by Renaissance Techs Ltd Liability Company. Van Hulzen Asset Limited Liability Com has 45,560 shares for 1.53% of their portfolio. Franklin Street Advsr Nc holds 1.09% or 75,831 shares. Creative Planning reported 15,422 shares. Wellington Mgmt Group Inc Limited Liability Partnership holds 0.09% or 4.64 million shares. Fernwood Invest Lc has 11,025 shares. Hamilton Lane Limited has 1.67% invested in Veeva Systems Inc (NYSE:VEEV). Brown Advisory has 4,321 shares. 2,506,924 shares of the company's stock traded hands. Skylands Capital Ltd Com owns 7,850 shares.

Since May 1, 2017, it had 1 insider buy, and 1 sale for $102,593 activity. At present, 1 analysts call it Sell, while 12 think it is Hold. Therefore 57% are positive.

05/09/2017 - LyondellBasell Industries NV was upgraded to "buy" by analysts at Vertical Research Partners. The company was maintained on Friday, July 28 by Alembic. Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, August 31 report. RBC Capital Markets maintained the shares of LYB in report on Monday, September 18 with "Hold" rating. The rating was initiated by BTIG Research with "Neutral" on Thursday, August 25. Recently, analysts have updated the overall rating to 2.4. The firm has "Equal-Weight" rating given on Tuesday, September 6 by Morgan Stanley. The rating was maintained by Cowen & Co with "Outperform" on Tuesday, September 1.

Bb&T Securities Llc increased Adient Plc stake by 8,037 shares to 15,070 valued at $985,000 in 2017Q2. It also upped Alps Etf Tr (AMLP) stake by 470,407 shares and now owns 984,054 shares. Chevron Corp New (NYSE:CVX) was raised too.

COPYRIGHT VIOLATION WARNING: "LyondellBasell Industries NV (LYB) Given Coverage Optimism Score of 0.18" was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. The institutional investor held 26,778 shares of the major chemicals company at the end of 2017Q2, valued at $2.26M, down from 32,963 at the end of the previous reported quarter. LYB's profit will be $1.02 billion for 9.62 P/E if the $2.57 EPS becomes a reality.

Analysts await LyondellBasell Industries NV (NYSE:LYB) to report earnings on October, 27 before the open.

Morgan Stanley (NYSE:MS)'s earnings per share has been growing at a 18.1 percent rate over the past 5 year when average revenue increase was noted as -0.6 percent. Its up 0.12, from 0.83 in 2017Q1.

A number of hedge funds and other institutional investors have recently made changes to their positions in LYB. 288.30 million shares or 0.82% more from 285.96 million shares in 2017Q1 were reported. Bb&T owns 700 shares for 0% of their portfolio. Paragon Capital Mngmt Ltd stated it has 0.26% in Home Depot Inc (NYSE:HD). Paloma Prtnrs Mngmt has 0.03% invested in LyondellBasell Industries NV (NYSE:LYB) for 28,808 shares. Perigon Wealth Management, LLC now holds 44,565 shares worth $3,761,000. Regions owns 694,477 shares or 0.69% of their USA portfolio. 5,649 are owned by Assetmark. Paragon Capital Management Ltd, a Colorado-based fund reported 16,667 shares. Moreover, Goldman Capital Management Inc has 0.7% invested in the company for 501,000 shares.

PointState Capital LP trimmed its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 69.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 12,541 are owned by Thrivent For Lutherans. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Therefore 35% are positive. Finally, SunTrust Banks, Inc. restated a "hold" rating and issued a $96.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Saturday, September 30th. UBS AG reiterated a "neutral" rating and set a $85.00 target price (down previously from $94.00) on shares of LyondellBasell Industries NV in a report on Sunday, June 25th. The company was maintained on Thursday, December 29 by Cowen & Co. The company was maintained on Tuesday, September 13 by Deutsche Bank. Citigroup maintained LyondellBasell Industries NV (NYSE:LYB) rating on Tuesday, August 2. Gordon Haskett Capital Corporation has "Buy" rating and $189.0 target. Instinet lifted their target price on LyondellBasell Industries NV from $82.00 to $91.00 and gave the company a neutral rating in a research report on Monday, February 6th. The company now has an average rating of "Hold" and an average price target of $94.33. The rating was maintained by Jefferies with "Hold" on Thursday, September 22. As per Monday, February 6, the company rating was maintained by RBC Capital Markets.

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