Intrust Bank NA grew its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,832 shares of the specialty chemicals company’s stock after purchasing an additional 877 shares during the period. Intrust Bank NA’s holdings in LyondellBasell Industries NV were worth $578,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Seven Bridges Advisors LLC lifted its stake in LyondellBasell Industries NV by 32.8% during the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 478 shares during the last quarter. Vicus Capital bought a new stake in LyondellBasell Industries NV during the third quarter worth about $203,000. WESPAC Advisors SoCal LLC lifted its stake in LyondellBasell Industries NV by 4.9% during the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 100 shares during the last quarter. WFG Advisors LP lifted its stake in LyondellBasell Industries NV by 66.4% during the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock worth $187,000 after purchasing an additional 883 shares during the last quarter. Finally, Balasa Dinverno & Foltz LLC bought a new stake in LyondellBasell Industries NV during the third quarter worth about $220,000. 74.58% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on LYB shares. Zacks Investment Research lowered LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $94.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. UBS AG reiterated a “neutral” rating and issued a $88.00 price objective (up previously from $85.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. BidaskClub downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Jefferies Group LLC set a $88.00 price objective on LyondellBasell Industries NV and gave the stock a “hold” rating in a report on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.56.
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In related news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by insiders.
LyondellBasell Industries NV (LYB) opened at $104.19 on Tuesday. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $107.83. The stock has a market capitalization of $41,126.43, a PE ratio of 10.78, a P/E/G ratio of 1.16 and a beta of 1.08. 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 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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