Russell Investments Group Ltd. Buys 13,297 Shares of LyondellBasell Industries NV (LYB)

Russell Investments Group Ltd. boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 8.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,041 shares of the specialty chemicals company’s stock after purchasing an additional 13,297 shares during the quarter. Russell Investments Group Ltd.’s holdings in LyondellBasell Industries were worth $17,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of LYB. Janus Henderson Group PLC boosted its holdings in LyondellBasell Industries by 3.2% in the second quarter. Janus Henderson Group PLC now owns 5,463,921 shares of the specialty chemicals company’s stock worth $600,212,000 after acquiring an additional 167,440 shares in the last quarter. Morgan Stanley boosted its holdings in LyondellBasell Industries by 9.9% in the second quarter. Morgan Stanley now owns 4,606,962 shares of the specialty chemicals company’s stock worth $506,075,000 after acquiring an additional 413,346 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 acquiring an additional 64,786 shares in the last quarter. Waddell & Reed Financial Inc. boosted its holdings in LyondellBasell Industries by 16.2% in the second quarter. Waddell & Reed Financial Inc. now owns 1,549,687 shares of the specialty chemicals company’s stock worth $170,233,000 after acquiring an additional 215,957 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in LyondellBasell Industries by 102.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,435,668 shares of the specialty chemicals company’s stock worth $157,708,000 after acquiring an additional 726,524 shares in the last quarter. 72.28% of the stock is currently owned by institutional investors.

Shares of NYSE: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 stock 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 data on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $9.95 billion. During the same period last year, the business posted $2.67 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. As a group, equities analysts predict that LyondellBasell Industries NV will post 11.89 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the company. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. BMO Capital Markets set a $101.00 price target on LyondellBasell Industries and gave the stock a “hold” rating in a report on Thursday, November 1st. Alembic Global Advisors set a $145.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a report on Tuesday, October 30th. Citigroup raised their price target on LyondellBasell Industries from $122.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, ValuEngine downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $117.70.

In other news, major shareholder Ai Investments Holdings Llc acquired 131,870 shares of LyondellBasell Industries stock in a transaction dated Monday, November 5th. The stock was purchased at an average cost of $93.10 per share, for a total transaction of $12,277,097.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders bought 2,209,263 shares of company stock valued at $209,013,494. Company insiders own 0.09% of the company’s stock.

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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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