BT Investment Management Ltd Grows Holdings in LyondellBasell Industries NV (LYB)

BT Investment Management Ltd raised its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 20.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 151,402 shares of the specialty chemicals company’s stock after purchasing an additional 25,702 shares during the period. BT Investment Management Ltd’s holdings in LyondellBasell Industries NV were worth $15,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. Cambria Investment Management L.P. boosted its holdings in shares of LyondellBasell Industries NV by 1.2% during the 1st quarter. Cambria Investment Management L.P. now owns 10,612 shares of the specialty chemicals company’s stock valued at $968,000 after purchasing an additional 129 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in shares of LyondellBasell Industries NV by 467.3% during the 1st quarter. Tudor Investment Corp ET AL now owns 28,366 shares of the specialty chemicals company’s stock valued at $2,587,000 after purchasing an additional 23,366 shares during the last quarter. Caxton Associates LP bought a new position in shares of LyondellBasell Industries NV during the 1st quarter valued at about $456,000. Lumbard & Kellner LLC bought a new position in shares of LyondellBasell Industries NV during the 1st quarter valued at about $384,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of LyondellBasell Industries NV during the 1st quarter valued at about $107,000. 74.27% of the stock is owned by institutional investors and hedge funds.

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Several brokerages have recently issued reports on LYB. BidaskClub cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Barclays PLC upped their target price on shares of LyondellBasell Industries NV from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Jefferies Group LLC set a $88.00 target price on shares of LyondellBasell Industries NV and gave the company a “hold” rating in a research report on Monday, August 21st. Finally, Royal Bank Of Canada upped their target price on shares of LyondellBasell Industries NV from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries NV currently has a consensus rating of “Hold” and an average target price of $99.56.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

LyondellBasell Industries NV (NYSE LYB) traded up $0.17 during midday trading on Monday, hitting $105.75. 1,619 shares of the stock were exchanged, compared to its average volume of 2,550,000. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 1 year low of $77.64 and a 1 year high of $107.83. The company has a market capitalization of $41,650.00, a P/E ratio of 10.92, a PEG ratio of 1.17 and a beta of 1.08.

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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Institutional Ownership by Quarter for LyondellBasell Industries NV (NYSE:LYB)

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