Insider Selling: LyondellBasell Industries NV (LYB) Director Sells $163,271.02 in Stock

LyondellBasell Industries NV (NYSE:LYB) Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of LyondellBasell Industries NV (NYSE LYB) opened at $105.58 on Friday. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49. The firm has a market capitalization of $40.84 billion, a PE ratio of 10.71, a PEG ratio of 1.15 and a beta of 1.08.

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A number of equities research analysts recently commented on the company. Royal Bank Of Canada upped their price objective on LyondellBasell Industries NV from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday. Zacks Investment Research downgraded LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays PLC upped their price objective on LyondellBasell Industries NV from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries NV in a report on Wednesday. Finally, Cowen and Company reiterated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $99.56.

Several hedge funds have recently bought and sold shares of the company. First Heartland Consultants Inc. boosted its position in shares of LyondellBasell Industries NV by 1.9% during the first quarter. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company’s stock worth $228,000 after buying an additional 47 shares during the period. Glenview Trust Co boosted its position in shares of LyondellBasell Industries NV by 0.4% during the second quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock worth $1,186,000 after buying an additional 50 shares during the period. Kingfisher Capital LLC boosted its position in shares of LyondellBasell Industries NV by 0.5% during the second quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after buying an additional 75 shares during the period. CAPROCK Group Inc. boosted its position in shares of LyondellBasell Industries NV by 1.0% during the second quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock worth $704,000 after buying an additional 79 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of LyondellBasell Industries NV by 0.4% during the second quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock worth $1,622,000 after buying an additional 81 shares during the period. 74.05% of the stock is owned by institutional investors.

About LyondellBasell Industries NV

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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