DekaBank Deutsche Girozentrale boosted its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,525 shares of the specialty chemicals company’s stock after buying an additional 10,332 shares during the period. DekaBank Deutsche Girozentrale’s holdings in LyondellBasell Industries NV were worth $13,796,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Seven Bridges Advisors LLC increased its position 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 buying an additional 478 shares during the period. Vicus Capital acquired a new position in LyondellBasell Industries NV during the third quarter worth approximately $203,000. WESPAC Advisors SoCal LLC increased its position 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 buying an additional 100 shares during the period. WFG Advisors LP increased its position 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 buying an additional 883 shares during the period. Finally, Balasa Dinverno & Foltz LLC acquired a new position in LyondellBasell Industries NV during the third quarter worth approximately $220,000. 74.58% of the stock is currently owned by institutional investors.

Shares of LyondellBasell Industries NV (LYB) traded up $0.70 during mid-day trading on Friday, reaching $103.20. The company had a trading volume of 2,331,400 shares, compared to its average volume of 2,606,422. LyondellBasell Industries NV has a 52-week low of $78.01 and a 52-week high of $107.83. The firm has a market capitalization of $40,710.00, a price-to-earnings ratio of 10.60, a PEG ratio of 1.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction on 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 document filed with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

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LYB has been the topic of several research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a research 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. Jefferies Group LLC reissued a “hold” rating and issued a $95.00 target price (up previously from $88.00) on shares of LyondellBasell Industries NV in a report on Tuesday, October 10th. lowered 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $99.56.

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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