LyondellBasell Industries NV (NYSE:LYB) Shares Bought by Stephens Inc. AR

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Stephens Inc. AR boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 28.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,676 shares of the specialty chemicals company’s stock after buying an additional 19,784 shares during the quarter. Stephens Inc. AR’s holdings in LyondellBasell Industries were worth $8,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of LYB. Advisors Preferred LLC purchased a new stake in shares of LyondellBasell Industries in the second quarter valued at about $25,000. Prestige Wealth Management Group LLC purchased a new position in shares of LyondellBasell Industries during the second quarter valued at approximately $26,000. MUFG Americas Holdings Corp lifted its stake in shares of LyondellBasell Industries by 80.8% during the second quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 147 shares during the period. Capital Investment Advisory Services LLC lifted its stake in shares of LyondellBasell Industries by 211.5% during the third quarter. Capital Investment Advisory Services LLC now owns 324 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 220 shares during the period. Finally, Reilly Financial Advisors LLC lifted its stake in shares of LyondellBasell Industries by 89.4% during the second quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 195 shares during the period. Institutional investors own 75.88% of the company’s stock.

In related news, Director Jagjeet S. Bindra purchased 1,360 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $73.48 per share, with a total value of $99,932.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ai Investments Holdings Llc acquired 764,501 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $74.61 per share, with a total value of $57,039,419.61. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 773,107 shares of company stock worth $57,638,240. 0.14% of the stock is currently owned by insiders.

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of LyondellBasell Industries in a research note on Friday, July 19th. They set an “underweight” rating and a $80.00 price objective on the stock. Wells Fargo & Co assumed coverage on shares of LyondellBasell Industries in a research note on Tuesday, October 15th. They set an “outperform” rating and a $105.00 price objective on the stock. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, August 5th. Zacks Investment Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research note on Tuesday, August 13th. Finally, Nomura reduced their price objective on shares of LyondellBasell Industries from $91.00 to $85.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. LyondellBasell Industries has an average rating of “Hold” and an average price target of $100.24.

NYSE:LYB opened at $88.09 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83. The company has a market cap of $28.97 billion, a P/E ratio of 7.82, a P/E/G ratio of 0.94 and a beta of 1.32. LyondellBasell Industries NV has a fifty-two week low of $68.61 and a fifty-two week high of $96.94. The firm’s 50 day moving average is $84.42 and its two-hundred day moving average is $83.53.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.09). The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.26 billion. LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. Research analysts forecast that LyondellBasell Industries NV will post 10.23 earnings per share for the current fiscal year.

LyondellBasell Industries Profile

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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