Northwestern Mutual Wealth Management Co. Buys 2,156 Shares of LyondellBasell Industries NV (LYB)

Northwestern Mutual Wealth Management Co. lifted its stake in LyondellBasell Industries NV (NYSE:LYB) by 14.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,894 shares of the specialty chemicals company’s stock after buying an additional 2,156 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in LyondellBasell Industries were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hudock Capital Group LLC boosted its stake in shares of LyondellBasell Industries by 151.6% in the second quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 552 shares during the period. Sun Life Financial INC lifted its stake in LyondellBasell Industries by 843.4% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 894 shares during the last quarter. Atlas Capital Advisors LLC lifted its stake in LyondellBasell Industries by 192.2% during the second quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $109,000 after purchasing an additional 661 shares during the last quarter. Legacy Financial Advisors Inc. lifted its stake in LyondellBasell Industries by 1,670.4% during the second quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Reilly Financial Advisors LLC lifted its stake in LyondellBasell Industries by 504.6% during the third quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

In other news, major shareholder Ai Investments Holdings Llc purchased 474,938 shares of the company’s stock in a transaction dated Thursday, November 1st. The stock was bought at an average cost of $91.51 per share, for a total transaction of $43,461,576.38. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 2,209,263 shares of company stock valued at $209,013,494 over the last quarter. 0.09% of the stock is owned by corporate insiders.

LYB has been the subject of several recent analyst reports. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Thursday, August 9th. Citigroup upped their target price on LyondellBasell Industries from $122.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, August 15th. Standpoint Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Alembic Global Advisors set a $145.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Finally, HSBC upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $117.70.

Shares of LYB opened at $96.06 on Friday. LyondellBasell Industries NV has a 52 week low of $85.60 and a 52 week high of $121.95. The firm has a market capitalization of $37.16 billion, a PE ratio of 7.98, a PEG ratio of 0.86 and a beta of 1.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.82 and a quick ratio of 1.09.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS 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 company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period in the prior year, the company earned $2.67 EPS. LyondellBasell Industries’s revenue was up 19.2% compared to the same quarter last year. As a group, analysts expect that LyondellBasell Industries NV will post 11.89 EPS for the current year.

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About LyondellBasell Industries

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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