Gyroscope Capital Management Group LLC trimmed its position in LyondellBasell Industries NV (NYSE:LYB) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,849 shares of the specialty chemicals company’s stock after selling 5,260 shares during the quarter. LyondellBasell Industries comprises 3.0% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 9th biggest position. Gyroscope Capital Management Group LLC’s holdings in LyondellBasell Industries were worth $5,928,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Janus Henderson Group PLC raised its stake in shares of LyondellBasell Industries by 10,925.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after acquiring an additional 5,021,985 shares during the period. Capital World Investors raised its stake in shares of LyondellBasell Industries by 23.0% in 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 acquiring an additional 3,651,750 shares during the period. BlackRock Inc. raised its stake in shares of LyondellBasell Industries by 11.6% in 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 acquiring an additional 2,327,350 shares during the period. Bank of New York Mellon Corp raised its stake in shares of LyondellBasell Industries by 38.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock valued at $416,972,000 after acquiring an additional 1,160,471 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of LyondellBasell Industries by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock valued at $652,840,000 after acquiring an additional 1,069,625 shares during the period. Institutional investors own 74.29% of the company’s stock.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE LYB) traded up $0.51 during trading hours on Thursday, hitting $107.50. 2,463,100 shares of the company’s stock were exchanged, compared to its average volume of 2,554,067. LyondellBasell Industries NV has a 52 week low of $78.01 and a 52 week high of $108.13. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. The stock has a market cap of $42,400.00, a P/E ratio of 11.06, a PEG ratio of 1.19 and a beta of 1.07.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, December 5th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date was Monday, December 4th. LyondellBasell Industries’s dividend payout ratio is presently 38.38%.

LYB has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price target on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Cowen upped their target price on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Monday, October 16th. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. UBS upped their target price on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $100.47.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.dailypolitical.com/2017/12/14/gyroscope-capital-management-group-llc-has-5-93-million-holdings-in-lyondellbasell-industries-nv-lyb.html.

LyondellBasell Industries 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.

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.