SG Americas Securities LLC Acquires 1,993 Shares of LyondellBasell Industries NV (NYSE:LYB)

SG Americas Securities LLC grew its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 2.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 100,958 shares of the specialty chemicals company’s stock after buying an additional 1,993 shares during the quarter. SG Americas Securities LLC’s holdings in LyondellBasell Industries were worth $9,033,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LYB. PFG Advisors lifted its holdings in LyondellBasell Industries by 2.6% during the third quarter. PFG Advisors now owns 4,712 shares of the specialty chemicals company’s stock worth $388,000 after buying an additional 120 shares during the period. Boenning & Scattergood Inc. lifted its holdings in LyondellBasell Industries by 4.1% during the second quarter. Boenning & Scattergood Inc. now owns 3,212 shares of the specialty chemicals company’s stock worth $277,000 after buying an additional 127 shares during the period. Enterprise Financial Services Corp lifted its holdings in LyondellBasell Industries by 47.1% during the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 137 shares during the period. Unison Advisors LLC lifted its holdings in LyondellBasell Industries by 1.2% during the second quarter. Unison Advisors LLC now owns 12,064 shares of the specialty chemicals company’s stock worth $1,039,000 after buying an additional 138 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in LyondellBasell Industries by 0.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,671 shares of the specialty chemicals company’s stock worth $1,694,000 after buying an additional 140 shares during the period. 75.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LYB traded down $0.10 during midday trading on Friday, hitting $97.39. 1,183,746 shares of the company’s stock traded hands, compared to its average volume of 2,788,548. LyondellBasell Industries NV has a 1 year low of $68.61 and a 1 year high of $98.91. The firm’s fifty day moving average is $88.82 and its 200-day moving average is $83.64. The company has a current ratio of 1.30, a quick ratio of 0.85 and a debt-to-equity ratio of 1.38. The stock has a market capitalization 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.

In other news, Director Jagjeet S. Bindra bought 1,360 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were purchased at an average cost of $73.48 per share, with a total value of $99,932.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bhavesh V. Patel bought 7,246 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of $68.85 per share, for a total transaction of $498,887.10. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 773,107 shares of company stock valued at $57,638,240. Company insiders own 0.14% of the company’s stock.

Several analysts have recently commented on LYB shares. Nomura decreased their price objective on LyondellBasell Industries from $91.00 to $85.00 and set a “neutral” rating for the company in a report on Wednesday, September 18th. Cowen increased their price objective on LyondellBasell Industries from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, September 26th. UBS Group increased their price objective on LyondellBasell Industries from $87.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Citigroup increased their price objective on LyondellBasell Industries from $83.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets decreased their price objective on LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating for the company in a 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 issued a buy rating to the company. LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $98.75.

About LyondellBasell Industries

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.

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

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