American Century Companies Inc. lessened its holdings in LyondellBasell Industries NV (NYSE:LYB) by 10.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 688,353 shares of the specialty chemicals company’s stock after selling 81,368 shares during the period. American Century Companies Inc. owned 0.17% of LyondellBasell Industries NV worth $68,181,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. FMR LLC boosted its holdings in shares of LyondellBasell Industries NV by 2.8% during the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after purchasing an additional 821,391 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of LyondellBasell Industries NV by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after purchasing an additional 473,129 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of LyondellBasell Industries NV by 11.6% during the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. Capital World Investors boosted its holdings in shares of LyondellBasell Industries NV by 23.0% during the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of LyondellBasell Industries NV by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,521,926 shares of the specialty chemicals company’s stock valued at $466,006,000 after purchasing an additional 438,039 shares during the last quarter. Institutional investors and hedge funds own 74.27% of the company’s stock.

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LyondellBasell Industries NV (NYSE LYB) opened at $104.26 on Friday. The company has a market cap of $41,126.40, a P/E ratio of 10.78, a PEG ratio of 1.16 and a beta of 1.08. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Several research analysts have commented on LYB shares. BidaskClub downgraded shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. 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. Deutsche Bank AG reissued a “buy” rating and set a $94.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Zacks Investment Research downgraded shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, UBS AG increased their price target on shares of LyondellBasell Industries NV from $96.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $99.56.

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

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