LyondellBasell Industries NV (LYB) Position Cut by Dupont Capital Management Corp

Dupont Capital Management Corp decreased its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 8.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,595 shares of the specialty chemicals company’s stock after selling 11,220 shares during the period. Dupont Capital Management Corp’s holdings in LyondellBasell Industries NV were worth $11,846,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in LyondellBasell Industries NV during the first quarter valued at about $107,000. Point72 Asia Hong Kong Ltd purchased a new stake in shares of LyondellBasell Industries NV in the first quarter worth approximately $132,000. American Beacon Advisors Inc. purchased a new stake in shares of LyondellBasell Industries NV in the first quarter worth approximately $161,000. Seven Bridges Advisors LLC increased its holdings in LyondellBasell Industries NV by 32.8% in the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC increased its holdings in LyondellBasell Industries NV by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 100 shares during the last quarter. Institutional investors own 74.05% of the company’s stock.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.09% of the stock is currently owned by company insiders.

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Several equities analysts have commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Zacks Investment Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research report on Thursday, October 12th. HSBC Holdings plc cut LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a research report on Tuesday, October 10th. Cowen and Company reissued a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a report on Saturday, September 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $99.56.

LyondellBasell Industries NV Company Profile

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 NV (NYSE:LYB)

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