Gyroscope Capital Management Group LLC Sells 2,276 Shares of LyondellBasell Industries NV (NYSE:LYB)

Gyroscope Capital Management Group LLC decreased its position in LyondellBasell Industries NV (NYSE:LYB) by 2.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 82,924 shares of the specialty chemicals company’s stock after selling 2,276 shares during the quarter. LyondellBasell Industries accounts for about 2.8% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 17th biggest holding. Gyroscope Capital Management Group LLC’s holdings in LyondellBasell Industries were worth $7,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LYB. Aristeia Capital LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $226,334,000. Nuveen Asset Management LLC grew its stake in shares of LyondellBasell Industries by 224.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,583,269 shares of the specialty chemicals company’s stock valued at $136,367,000 after buying an additional 1,094,978 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $93,445,000. Invesco Ltd. grew its stake in shares of LyondellBasell Industries by 32.0% in the 2nd quarter. Invesco Ltd. now owns 3,639,022 shares of the specialty chemicals company’s stock valued at $313,429,000 after buying an additional 881,932 shares in the last quarter. Finally, Kiltearn Partners LLP bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $55,295,000. 75.87% of the stock is owned by institutional investors and hedge funds.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra purchased 1,360 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $73.48 per share, for a total transaction of $99,932.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ai Investments Holdings Llc purchased 764,501 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were acquired at an average price of $74.61 per share, with a total value of $57,039,419.61. The disclosure for this purchase can be found here. Insiders have acquired 773,107 shares of company stock valued at $57,638,240 in the last ninety days. Company insiders own 0.14% of the company’s stock.



Several equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on LyondellBasell Industries in a research note on Friday, July 19th. They issued an “underweight” rating and a $80.00 price target for the company. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price target for the company. in a research note on Tuesday, August 13th. Barclays lowered their price target on LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Bank of America upped their target price on LyondellBasell Industries from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Cowen upped their target price on LyondellBasell Industries from $85.00 to $90.00 and gave the stock a “market perform” rating in a research report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $99.94.

LyondellBasell Industries stock traded up $4.41 during trading hours on Friday, reaching $88.33. 83,000 shares of the company were exchanged, compared to its average volume of 2,861,373. The firm has a market cap of $29.33 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.89 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $81.70 and a 200 day moving average of $83.40. LyondellBasell Industries NV has a 12 month low of $68.61 and a 12 month high of $99.65.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.09). The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $9.26 billion. LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. As a group, research analysts forecast that LyondellBasell Industries NV will post 10.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $4.20 dividend on an annualized basis and a yield of 4.75%. LyondellBasell Industries’s payout ratio is currently 37.27%.

LyondellBasell Industries Company Profile

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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