Advisors Asset Management Inc. Has $11.89 Million Holdings in LyondellBasell Industries NV (LYB)

Advisors Asset Management Inc. lowered its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 6.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 120,029 shares of the specialty chemicals company’s stock after selling 8,533 shares during the period. Advisors Asset Management Inc.’s holdings in LyondellBasell Industries NV were worth $11,889,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LYB. Janus Henderson Group PLC boosted its stake in LyondellBasell Industries NV by 10,925.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after purchasing an additional 5,021,985 shares during the last quarter. Capital World Investors boosted its stake in shares of LyondellBasell Industries NV by 23.0% in the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after buying an additional 3,651,750 shares during the last quarter. BlackRock Inc. boosted its stake in shares of LyondellBasell Industries NV by 11.6% in the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after buying an additional 2,327,350 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of LyondellBasell Industries NV by 38.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock worth $416,972,000 after buying an additional 1,160,471 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of LyondellBasell Industries NV by 2.8% in the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after buying an additional 821,391 shares during the last quarter. Institutional investors and hedge funds own 74.58% of the company’s stock.

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LYB has been the topic of a number of research analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $94.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Zacks Investment Research upgraded LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research note on Thursday, October 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 price objective (up previously from $88.00) on shares of LyondellBasell Industries NV in a research note on Tuesday, October 10th. downgraded LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a research note on Tuesday, October 10th. Finally, Cowen and Company reiterated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries NV currently has a consensus rating of “Hold” and a consensus price target of $99.56.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded up $0.70 during mid-day trading on Friday, reaching $103.20. 2,331,400 shares of the company’s stock were exchanged, compared to its average volume of 2,606,422. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $107.83. The company has a market cap of $40,710.00, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.08.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.09% of the company’s stock.

LyondellBasell Industries NV Company Profile

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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