SeaCrest Wealth Management LLC Acquires Shares of 2,659 LyondellBasell Industries NV (NYSE:LYB)

SeaCrest Wealth Management LLC purchased a new position 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 fund purchased 2,659 shares of the specialty chemicals company’s stock, valued at approximately $238,000.

Several other large investors have also recently added to or reduced their stakes in LYB. NewSquare Capital LLC boosted its holdings in LyondellBasell Industries by 18.9% in the third quarter. NewSquare Capital LLC now owns 24,342 shares of the specialty chemicals company’s stock valued at $2,178,000 after acquiring an additional 3,869 shares during the last quarter. Exane Derivatives boosted its holdings in LyondellBasell Industries by 4.4% in the third quarter. Exane Derivatives now owns 43,641 shares of the specialty chemicals company’s stock valued at $3,904,000 after acquiring an additional 1,829 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $150,000. Kirr Marbach & Co. LLC IN boosted its holdings in LyondellBasell Industries by 0.8% in the third quarter. Kirr Marbach & Co. LLC IN now owns 133,640 shares of the specialty chemicals company’s stock valued at $11,957,000 after acquiring an additional 1,069 shares during the last quarter. Finally, Beacon Financial Group boosted its holdings in LyondellBasell Industries by 4.8% in the third quarter. Beacon Financial Group now owns 3,563 shares of the specialty chemicals company’s stock valued at $316,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 75.88% of the company’s stock.

NYSE:LYB traded down $0.10 during trading on Friday, reaching $97.39. The company’s stock had a trading volume of 1,183,746 shares, compared to its average volume of 2,788,548. The firm has a market cap of $32.46 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.85 and a current ratio of 1.30. The firm has a 50 day moving average of $88.82 and a 200-day moving average of $83.64. LyondellBasell Industries NV has a 12 month low of $68.61 and a 12 month high of $98.91.

LYB has been the topic of several recent analyst reports. Cowen boosted their price target on LyondellBasell Industries from $85.00 to $90.00 and gave the company a “market perform” rating in a research note on Thursday, September 26th. UBS Group boosted their price target on LyondellBasell Industries from $87.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Barclays dropped their price target on LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. began coverage on LyondellBasell Industries in a research note on Friday, July 19th. They issued an “underweight” rating and a $80.00 price target on the stock. Finally, BMO Capital Markets lowered their target price on LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $98.75.

In other LyondellBasell Industries news, CEO Bhavesh V. Patel acquired 7,246 shares of LyondellBasell Industries stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of $68.85 per share, for a total transaction of $498,887.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Massimo Covezzi sold 11,762 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $96.79, for a total value of $1,138,443.98. The disclosure for this sale can be found here. Insiders acquired a total of 773,107 shares of company stock valued at $57,638,240 in the last 90 days. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

Featured Story: Why Invest in Dividend Achievers?

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.