LyondellBasell Industries NV (LYB) Stake Raised by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. grew its stake in LyondellBasell Industries NV (NYSE:LYB) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,781,587 shares of the specialty chemicals company’s stock after purchasing an additional 65,000 shares during the quarter. LyondellBasell Industries makes up approximately 1.5% of Thornburg Investment Management Inc.’s holdings, making the stock its 20th biggest holding. Thornburg Investment Management Inc. owned about 0.46% of LyondellBasell Industries worth $182,630,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LYB. Janus Henderson Group PLC raised its stake in LyondellBasell Industries by 3.2% during the second quarter. Janus Henderson Group PLC now owns 5,463,921 shares of the specialty chemicals company’s stock worth $600,212,000 after acquiring an additional 167,440 shares during the period. Morgan Stanley grew its position in LyondellBasell Industries by 9.9% in the 2nd quarter. Morgan Stanley now owns 4,606,962 shares of the specialty chemicals company’s stock worth $506,075,000 after purchasing an additional 413,346 shares during the last quarter. Bank of New York Mellon Corp grew its position in LyondellBasell Industries by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock worth $475,825,000 after purchasing an additional 64,786 shares during the last quarter. Waddell & Reed Financial Inc. grew its position in LyondellBasell Industries by 16.2% in the 2nd quarter. Waddell & Reed Financial Inc. now owns 1,549,687 shares of the specialty chemicals company’s stock worth $170,233,000 after purchasing an additional 215,957 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in LyondellBasell Industries by 102.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,435,668 shares of the specialty chemicals company’s stock worth $157,708,000 after purchasing an additional 726,524 shares during the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

In related news, major shareholder Ai Investments Holdings Llc acquired 131,870 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was acquired at an average cost of $93.10 per share, for a total transaction of $12,277,097.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.09% of the company’s stock.

LYB has been the subject of several recent analyst reports. Citigroup upped their target price on shares of LyondellBasell Industries from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research report on Thursday, August 9th. Standpoint Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Alembic Global Advisors set a $145.00 target price on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, HSBC upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $117.70.

LyondellBasell Industries stock opened at $94.73 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $35.72 billion, a PE ratio of 9.26, a P/E/G ratio of 0.83 and a beta of 1.24. LyondellBasell Industries NV has a 12-month low of $85.60 and a 12-month high of $121.95.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.68 by $0.28. The business had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the firm posted $2.67 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries NV will post 11.84 EPS for the current fiscal year.

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LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

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

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