Manning & Napier Advisors LLC decreased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 8.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 84,549 shares of the specialty chemicals company’s stock after selling 7,832 shares during the quarter. Manning & Napier Advisors LLC’s holdings in LyondellBasell Industries NV were worth $8,374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. Janus Henderson Group PLC raised its holdings in LyondellBasell Industries NV by 10,925.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock worth $427,685,000 after purchasing an additional 5,021,985 shares during the last quarter. Capital World Investors raised its holdings in 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 worth $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. BlackRock Inc. raised its holdings in 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 worth $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in LyondellBasell Industries NV by 38.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock worth $416,972,000 after purchasing an additional 1,160,471 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in LyondellBasell Industries NV by 19.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after purchasing an additional 1,069,625 shares during the last quarter. Hedge funds and other institutional investors own 74.58% of the company’s stock.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries NV stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

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LyondellBasell Industries NV (NYSE LYB) traded up $0.70 during midday trading on Friday, reaching $103.90. 1,401,905 shares of the company traded hands, compared to its average volume of 2,601,659. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $107.83. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. The firm has a market cap of $40,710.00, a P/E ratio of 10.73, a P/E/G ratio of 1.16 and a beta of 1.08.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, December 4th. LyondellBasell Industries NV’s payout ratio is currently 38.38%.

Several research analysts have issued reports on the stock. Deutsche Bank AG restated a “buy” rating and set a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Cowen and Company restated a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of 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. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, November 1st. Finally, Barclays PLC lifted their price objective on shares of LyondellBasell Industries NV from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $99.56.

About LyondellBasell Industries NV

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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