Advisors Asset Management Inc. reduced its stake in LyondellBasell Industries NV (NYSE:LYB) by 8.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,320 shares of the specialty chemicals company’s stock after selling 9,755 shares during the quarter. Advisors Asset Management Inc.’s holdings in LyondellBasell Industries were worth $8,343,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Private Capital Group LLC grew its stake in shares of LyondellBasell Industries by 10.4% in the 4th quarter. Private Capital Group LLC now owns 1,513 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 143 shares during the last quarter. Navellier & Associates Inc grew its stake in shares of LyondellBasell Industries by 3.3% in the 4th quarter. Navellier & Associates Inc now owns 5,104 shares of the specialty chemicals company’s stock valued at $424,000 after purchasing an additional 164 shares during the last quarter. CAPROCK Group Inc. grew its stake in shares of LyondellBasell Industries by 3.3% in the 4th quarter. CAPROCK Group Inc. now owns 6,126 shares of the specialty chemicals company’s stock valued at $509,000 after purchasing an additional 197 shares during the last quarter. Pflug Koory LLC grew its stake in shares of LyondellBasell Industries by 100.0% in the 4th quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Finally, Banced Corp grew its stake in shares of LyondellBasell Industries by 5.8% in the 4th quarter. Banced Corp now owns 3,896 shares of the specialty chemicals company’s stock valued at $324,000 after purchasing an additional 212 shares during the last quarter. Institutional investors own 72.94% of the company’s stock.

A number of research firms recently weighed in on LYB. Zacks Investment Research upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday. ValuEngine downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday. Deutsche Bank upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $94.00 to $95.00 in a research note on Monday, December 17th. Finally, Royal Bank of Canada upgraded LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price target on the stock in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $116.94.

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, December 6th. The stock was purchased at an average cost of $88.63 per share, with a total value of $443,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ai Investments Holdings Llc acquired 2,186,973 shares of LyondellBasell Industries stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $95.60 per share, with a total value of $209,074,618.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 3,794,428 shares of company stock worth $362,792,590. Company insiders own 0.09% of the company’s stock.

LyondellBasell Industries stock opened at $88.89 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. LyondellBasell Industries NV has a 1-year low of $77.52 and a 1-year high of $119.39. The company has a market capitalization of $34.10 billion, a P/E ratio of 7.89, a price-to-earnings-growth ratio of 0.86 and a beta of 1.37.

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About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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

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