FormulaFolio Investments LLC purchased a new position in LyondellBasell Industries NV (NYSE:LYB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,163 shares of the specialty chemicals company’s stock, valued at approximately $908,000.

Several other institutional investors have also made changes to their positions in the business. Biltmore Wealth Management LLC increased its holdings in shares of LyondellBasell Industries NV by 0.4% in the first quarter. Biltmore Wealth Management LLC now owns 8,405 shares of the specialty chemicals company’s stock worth $766,000 after acquiring an additional 30 shares in the last quarter. First Heartland Consultants Inc. increased its holdings in shares of LyondellBasell Industries NV by 1.9% in the first quarter. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company’s stock worth $228,000 after acquiring an additional 47 shares in the last quarter. Glenview Trust Co increased its holdings in shares of LyondellBasell Industries NV by 0.4% in the second quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock worth $1,186,000 after acquiring an additional 50 shares in the last quarter. Kingfisher Capital LLC increased its holdings in shares of LyondellBasell Industries NV by 0.5% in the second quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after acquiring an additional 75 shares in the last quarter. Finally, CAPROCK Group Inc. increased its holdings in shares of LyondellBasell Industries NV by 1.0% in the second quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock worth $704,000 after acquiring an additional 79 shares in the last quarter. Institutional investors own 73.71% of the company’s stock.

LYB has been the subject of several recent analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $94.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. HSBC Holdings plc initiated coverage on LyondellBasell Industries NV in a report on Monday, June 26th. They issued a “buy” rating and a $101.00 price target for the company. Zacks Investment Research upgraded LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a report on Thursday, October 12th. Cowen and Company restated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a report on Monday, August 28th. Finally, Jefferies Group LLC set a $88.00 price target on LyondellBasell Industries NV and gave the stock a “hold” rating in a report on Monday, August 21st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $96.67.

Shares of LyondellBasell Industries NV (LYB) traded down 0.45% on Friday, reaching $98.94. The company had a trading volume of 2,142,229 shares. The stock has a market cap of $39.16 billion, a PE ratio of 11.05 and a beta of 1.04. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $100.74. The stock has a 50-day moving average price of $96.43 and a 200-day moving average price of $87.72.

LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 68.25% and a net margin of 13.50%. The firm had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. During the same period in the previous year, the company posted $2.56 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts predict that LyondellBasell Industries NV will post $9.99 earnings per share for the current fiscal year.

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In other news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by insiders.

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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