LyondellBasell Industries NV (NYSE:LYB) is expected to pay $0.85 on Dec 13, 2016. The indicated annual dividend is $3.40. Shareholders owning the stock before Nov 25, 2016 will be eligible to receive the payout. Based on LyondellBasell Industries NV’s current price of $86.64, the dividend is 0.98%. This dividend’s record date is Nov 29, 2016 and the announcement date is Nov 18, 2016. The stock increased 1.01% or $0.87 on November 23, hitting $86.64. About 2.89M shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 3.95% since April 22, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.
LyondellBasell Industries N.V. is a global chemical company. The company has a market cap of $35.56 billion. The Company’s divisions include Olefins and Polyolefins-Americas , Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. It has a 9.69 P/E ratio. The Company’s O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.03, from 0.95 in 2016Q1. The ratio is positive, as 82 funds sold all LyondellBasell Industries NV shares owned while 245 reduced positions. 72 funds bought stakes while 240 increased positions. They now own 282.19 million shares or 5.03% less from 297.14 million shares in 2016Q1.
Kbc Gru Nv last reported 0.31% of its portfolio in the stock. Tcw Grp reported 40,991 shares or 0.02% of all its holdings. Fifth Third Bank & Trust reported 158,699 shares or 0.1% of all its holdings. Guardian Capital Advsr Lp has 0.44% invested in the company for 32,868 shares. Braver Wealth Mngmt Limited Liability Corporation owns 34,813 shares or 0.44% of their US portfolio. Mizuho Asset Mgmt Coltd reported 5,151 shares or 0.07% of all its holdings. Gargoyle Inv Advisor Ltd Liability Corporation holds 0.26% or 9,362 shares in its portfolio. At National Bank & Trust holds 0.45% or 40,377 shares in its portfolio. Asset Management last reported 11,531 shares in the company. Prudential accumulated 0.28% or 2.21M shares. Advisors Asset Management holds 0.14% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 117,093 shares. Foundry Prtn Ltd has 95,860 shares for 0.4% of their US portfolio. Fmr reported 23.83 million shares or 0.24% of all its holdings. Finance Grp Incorporated last reported 40,000 shares in the company. Commonwealth Equity Ser Inc accumulated 0.01% or 20,805 shares.
Insider Transactions: Since August 30, 2016, the stock had 0 insider buys, and 1 insider sale for $300,020 net activity. Bindra Jagjeet S. had sold 3,750 shares worth $300,020 on Tuesday, August 30.
LyondellBasell Industries NV (NYSE:LYB) Ratings Coverage
Out of 15 analysts covering LyondellBasell (NYSE:LYB), 5 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 33% are positive. $110 is the highest target while $80 is the lowest. The $92.90 average target is 7.23% above today’s ($86.64) stock price. LyondellBasell has been the topic of 29 analyst reports since September 1, 2015 according to StockzIntelligence Inc. Atlantic Securities downgraded the stock to “Underweight” rating in Tuesday, April 5 report. The stock of LyondellBasell Industries NV (NYSE:LYB) earned “Neutral” rating by Macquarie Research on Monday, October 12. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Buy” rating given on Friday, October 14 by Tudor Pickering. The firm has “Outperform” rating given on Tuesday, September 1 by Cowen & Co. The stock of LyondellBasell Industries NV (NYSE:LYB) earned “Hold” rating by Deutsche Bank on Tuesday, September 13. The stock of LyondellBasell Industries NV (NYSE:LYB) earned “Sector Perform” rating by RBC Capital Markets on Monday, June 27. Nomura downgraded LyondellBasell Industries NV (NYSE:LYB) on Wednesday, April 27 to “Neutral” rating. S&P Research upgraded the stock to “Buy” rating in Tuesday, October 27 report. Cowen & Co downgraded the stock to “Market Perform” rating in Monday, June 13 report. The rating was maintained by Citigroup with “Neutral” on Monday, April 18.
More recent LyondellBasell Industries NV (NYSE:LYB) news were published by: Forbes.com which released: “Ex-Div Reminder for LyondellBasell Industries (LYB)” on November 23, 2016. Also Seekingalpha.com published the news titled: “LyondellBasell Industries NV (LYB) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016. Seekingalpha.com‘s news article titled: “LyondellBasell Industries NV (LYB) Bhavesh Vaghjibhai Patel on Q2 2016 Results …” with publication date: July 30, 2016 was also an interesting one.
LYB Company Profile
LyondellBasell Industries N.V., incorporated on October 15, 2009, is a global chemical company. The Firm is a producer of olefins, including ethylene and propylene, and polyethylene (PE). The Firm operates through five divisions, which include 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 Firm produces polypropylene (PP) and PP compounds. The Company’s chemicals businesses consist primarily of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. The Company’s clients use its plastics and chemicals to manufacture a range of products, including food packaging, home furnishings, automotive components, paints and coatings. The Company’s refining business consists of its Houston refinery, which processes crude oil into products, such as gasoline, diesel and jet fuel.
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