Capital Investment Advisors LLC Buys New Holdings in LyondellBasell Industries NV (LYB)

Capital Investment Advisors LLC bought a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,278 shares of the specialty chemicals company’s stock, valued at approximately $3,782,000.

Several other hedge funds have also bought and sold shares of the stock. FMR LLC increased its holdings in shares of LyondellBasell Industries by 2.8% during the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after acquiring an additional 821,391 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of LyondellBasell Industries by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock worth $2,070,041,000 after acquiring an additional 473,129 shares during the last quarter. Capital World Investors increased its holdings in shares of LyondellBasell Industries by 23.0% during 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 acquiring an additional 3,651,750 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of LyondellBasell Industries by 19.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after acquiring an additional 1,069,625 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of LyondellBasell Industries 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 worth $427,685,000 after acquiring an additional 5,021,985 shares during the last quarter. 74.09% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on LYB. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research note on Monday, December 18th. UBS Group boosted their price target on LyondellBasell Industries from $88.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Cowen restated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, October 4th. downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Tuesday, October 10th. Finally, SunTrust Banks restated a “hold” rating and issued a $100.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $103.74.

LyondellBasell Industries NV (NYSE:LYB) traded down $1.79 during trading hours on Wednesday, hitting $115.89. The stock had a trading volume of 1,996,200 shares, compared to its average volume of 1,554,960. The company has a market cap of $45,840.00, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.39 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 $118.13.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%. analysts expect that LyondellBasell Industries NV will post 9.96 EPS for the current fiscal year.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

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About LyondellBasell Industries

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.

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

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