Cambridge Investment Research Advisors Inc. Increases Holdings in LyondellBasell Industries NV (LYB)

Cambridge Investment Research Advisors Inc. boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,482 shares of the specialty chemicals company’s stock after purchasing an additional 1,091 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in LyondellBasell Industries were worth $6,098,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Scopus Asset Management L.P. purchased a new position in LyondellBasell Industries in the second quarter worth about $10,985,000. Northwest Bancshares Inc. boosted its position in LyondellBasell Industries by 125.7% in the second quarter. Northwest Bancshares Inc. now owns 10,424 shares of the specialty chemicals company’s stock worth $1,145,000 after purchasing an additional 5,806 shares during the last quarter. Bridgewater Associates LP boosted its position in LyondellBasell Industries by 1.9% in the second quarter. Bridgewater Associates LP now owns 98,512 shares of the specialty chemicals company’s stock worth $10,822,000 after purchasing an additional 1,866 shares during the last quarter. Green Square Capital LLC boosted its position in LyondellBasell Industries by 133.2% in the second quarter. Green Square Capital LLC now owns 13,024 shares of the specialty chemicals company’s stock worth $1,431,000 after purchasing an additional 7,440 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in LyondellBasell Industries by 1.5% in the second 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. 72.28% of the stock is currently owned by institutional investors and hedge funds.

LYB has been the topic of several research reports. Alembic Global Advisors set a $145.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Citigroup cut LyondellBasell Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $125.00 to $109.00 in a research report on Monday, September 17th. Nomura lowered their price objective on LyondellBasell Industries from $113.00 to $102.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 31st. BMO Capital Markets set a $101.00 price objective on LyondellBasell Industries and gave the company a “hold” rating in a research report on Thursday, November 1st. Finally, Standpoint Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $117.70.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc bought 474,938 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were bought at an average price of $91.51 per share, with a total value of $43,461,576.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased a total of 2,209,263 shares of company stock worth $209,013,494 in the last three months. 0.09% of the stock is owned by corporate insiders.

LYB stock opened at $96.06 on Friday. LyondellBasell Industries NV has a twelve month low of $85.60 and a twelve month high of $121.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.82. The stock has a market cap of $36.48 billion, a PE ratio of 9.39, a P/E/G ratio of 0.85 and a beta of 1.24.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. The firm had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the previous year, the firm earned $2.67 EPS. The business’s quarterly revenue was up 19.2% on a year-over-year basis. As a group, equities analysts forecast that LyondellBasell Industries NV will post 11.89 earnings per share for the current fiscal year.

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LyondellBasell Industries Company 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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