Flippin Bruce & Porter Inc. reduced its position in LyondellBasell Industries NV (NYSE:LYB) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 75,643 shares of the specialty chemicals company’s stock after selling 1,495 shares during the quarter. LyondellBasell Industries NV comprises about 1.6% of Flippin Bruce & Porter Inc.’s investment portfolio, making the stock its 28th biggest position. Flippin Bruce & Porter Inc.’s holdings in LyondellBasell Industries NV were worth $7,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. FMR LLC raised its position in shares of LyondellBasell Industries NV by 2.8% in the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after buying an additional 821,391 shares during the period. Vanguard Group Inc. increased its holdings in LyondellBasell Industries NV by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after purchasing an additional 473,129 shares in the last quarter. BlackRock Inc. increased its holdings in LyondellBasell Industries NV 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 purchasing an additional 2,327,350 shares in the last quarter. Capital World Investors increased its holdings in LyondellBasell Industries NV 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 purchasing an additional 3,651,750 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in LyondellBasell Industries NV by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,521,926 shares of the specialty chemicals company’s stock valued at $466,006,000 after purchasing an additional 438,039 shares in the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.09% of the company’s stock.

LYB has been the subject of several recent research reports. Cowen and Company reiterated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. BidaskClub downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $94.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Finally, UBS AG increased their price target on LyondellBasell Industries NV from $96.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $99.56.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down $0.07 during mid-day trading on Tuesday, hitting $104.19. 1,547,800 shares of the stock traded hands, compared to its average volume of 2,616,711. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $107.83. The company has a market capitalization of $41,126.43, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08.

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LyondellBasell Industries NV 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 NV (NYSE:LYB)

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