Steward Partners Investment Advisory LLC Has $1.25 Million Position in LyondellBasell Industries NV (LYB)

Steward Partners Investment Advisory LLC decreased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 56.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,225 shares of the specialty chemicals company’s stock after selling 15,713 shares during the period. Steward Partners Investment Advisory LLC’s holdings in LyondellBasell Industries were worth $1,253,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in LyondellBasell Industries by 3.2% during the 2nd quarter. Janus Henderson Group PLC now owns 5,463,921 shares of the specialty chemicals company’s stock worth $600,212,000 after acquiring an additional 167,440 shares during the last quarter. Morgan Stanley raised its position in shares of LyondellBasell Industries by 9.9% during the second quarter. Morgan Stanley now owns 4,606,962 shares of the specialty chemicals company’s stock valued at $506,075,000 after buying an additional 413,346 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of LyondellBasell Industries by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock valued at $475,825,000 after buying an additional 64,786 shares during the last quarter. Waddell & Reed Financial Inc. raised its position in shares of LyondellBasell Industries by 16.2% during the second quarter. Waddell & Reed Financial Inc. now owns 1,549,687 shares of the specialty chemicals company’s stock valued at $170,233,000 after buying an additional 215,957 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of LyondellBasell Industries by 102.5% during the second quarter. Assenagon Asset Management S.A. now owns 1,435,668 shares of the specialty chemicals company’s stock valued at $157,708,000 after buying an additional 726,524 shares during the last quarter. 72.69% of the stock is owned by hedge funds and other institutional investors.

LYB has been the subject of a number of research analyst reports. Citigroup lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $109.00 in a research report on Monday, September 17th. ValuEngine lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 4th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Monday, July 2nd. Nomura cut their price objective on shares of LyondellBasell Industries from $118.00 to $113.00 and set a “neutral” rating for the company in a research report on Monday, October 15th. Finally, Standpoint Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $117.46.



NYSE LYB opened at $89.23 on Friday. The stock has a market capitalization of $34.74 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. LyondellBasell Industries NV has a twelve month low of $86.41 and a twelve month high of $121.95. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.44. The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. As a group, research analysts anticipate that LyondellBasell Industries NV will post 11.71 earnings per share for the current fiscal year.

LyondellBasell Industries Company Profile

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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