Wedge Capital Management L L P NC Has $6.89 Million Stake in LyondellBasell Industries NV (NYSE:LYB)

Wedge Capital Management L L P NC increased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 11.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,980 shares of the specialty chemicals company’s stock after buying an additional 8,436 shares during the period. Wedge Capital Management L L P NC’s holdings in LyondellBasell Industries were worth $6,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. First Command Bank increased its holdings in shares of LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. Boenning & Scattergood Inc. increased its holdings in shares of LyondellBasell Industries by 4.1% in the second quarter. Boenning & Scattergood Inc. now owns 3,212 shares of the specialty chemicals company’s stock valued at $277,000 after purchasing an additional 127 shares during the last quarter. Zeke Capital Advisors LLC increased its holdings in shares of LyondellBasell Industries by 1.4% in the first quarter. Zeke Capital Advisors LLC now owns 9,754 shares of the specialty chemicals company’s stock valued at $820,000 after purchasing an additional 133 shares during the last quarter. Unison Advisors LLC increased its holdings in shares of LyondellBasell Industries by 1.1% in the first quarter. Unison Advisors LLC now owns 11,926 shares of the specialty chemicals company’s stock valued at $1,003,000 after purchasing an additional 135 shares during the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in shares of LyondellBasell Industries by 47.1% in the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 76.55% of the company’s stock.

In other news, Director Jagjeet S. Bindra acquired 1,360 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average price of $73.48 per share, with a total value of $99,932.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.



LYB traded up $1.16 on Friday, hitting $73.76. 56,337 shares of the stock were exchanged, compared to its average volume of 2,861,690. LyondellBasell Industries NV has a 12 month low of $71.83 and a 12 month high of $116.63. The business has a 50-day moving average of $82.94 and a two-hundred day moving average of $85.01. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.47 and a quick ratio of 0.85. The firm has a market capitalization of $25.35 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.81 and a beta of 1.31.

LYB has been the topic of several research reports. JPMorgan Chase & Co. initiated coverage on shares of LyondellBasell Industries in a research note on Friday, July 19th. They issued an “underweight” rating and a $80.00 price target on the stock. Bank of America decreased their price target on shares of LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group upped their price target on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Nomura decreased their price target on shares of LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Finally, Alembic Global Advisors set a $120.00 price target on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $102.18.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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

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