Annex Advisory Services LLC raised its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 8.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,649 shares of the specialty chemicals company’s stock after purchasing an additional 844 shares during the quarter. Annex Advisory Services LLC’s holdings in LyondellBasell Industries NV were worth $1,055,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in LyondellBasell Industries NV by 2.8% during the second 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 in the last quarter. Vanguard Group Inc. boosted its holdings in LyondellBasell Industries NV by 2.0% during the second 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 in the last quarter. BlackRock Inc. boosted its holdings in LyondellBasell Industries NV by 11.6% during the second 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 in the last quarter. Capital World Investors boosted its holdings in LyondellBasell Industries NV by 23.0% during the second 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 in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in LyondellBasell Industries NV by 8.6% during the second 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 in the last quarter. 74.27% of the stock is currently owned by institutional investors.

LyondellBasell Industries NV (LYB) traded up $0.91 during mid-day trading on Tuesday, reaching $106.49. 1,763,366 shares of the company traded hands, compared to its average volume of 2,530,000. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 1 year low of $77.85 and a 1 year high of $107.83. The company has a market cap of $41,880.00, a PE ratio of 10.92, a PEG ratio of 1.17 and a beta of 1.08.

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Several brokerages have recently commented on LYB. Deutsche Bank AG reissued a “buy” rating and issued a $94.00 target price (up 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 on the stock in a report on Thursday, October 12th. HSBC Holdings plc downgraded LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, October 10th. Cowen and Company reissued a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 target price (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 assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $99.56.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the business’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 value of $163,271.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company’s stock.

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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