24,383 Shares in LyondellBasell Industries NV (LYB) Acquired by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC acquired a new position in LyondellBasell Industries NV (NYSE:LYB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 24,383 shares of the specialty chemicals company’s stock, valued at approximately $2,415,000.

Other hedge funds have also recently bought and sold shares of the company. Seven Bridges Advisors LLC boosted its holdings in LyondellBasell Industries NV by 32.8% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares during the last quarter. Vicus Capital acquired a new stake in LyondellBasell Industries NV in the 3rd quarter worth about $203,000. WESPAC Advisors SoCal LLC boosted its holdings in LyondellBasell Industries NV by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 100 shares during the last quarter. WFG Advisors LP boosted its holdings in LyondellBasell Industries NV by 66.4% in the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock worth $187,000 after buying an additional 883 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC acquired a new stake in LyondellBasell Industries NV in the 3rd quarter worth about $220,000. Institutional investors own 74.58% of the company’s stock.

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In other news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries NV stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Several equities research analysts recently issued reports on the company. BidaskClub cut LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC set a $88.00 price objective on LyondellBasell Industries NV and gave the stock a “hold” rating in a report on Monday, August 21st. Zacks Investment Research cut LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. SunTrust Banks, Inc. restated a “hold” rating and set a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a report on Saturday, September 30th. Finally, UBS AG restated a “neutral” rating and set a $88.00 target price (up from $85.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries NV presently has a consensus rating of “Hold” and a consensus price target of $99.56.

LyondellBasell Industries NV (NYSE:LYB) traded up $0.07 during mid-day trading on Monday, hitting $104.26. 1,533,300 shares of the stock traded hands, compared to its average volume of 2,621,614. The stock has a market cap of $40,930.00, a price-to-earnings ratio of 10.78, a PEG ratio of 1.16 and a beta of 1.08. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83.

About LyondellBasell Industries NV

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 NV (NYSE:LYB)

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