Comerica Bank lessened its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 87,187 shares of the specialty chemicals company’s stock after selling 1,207 shares during the quarter. Comerica Bank’s holdings in LyondellBasell Industries NV were worth $9,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LYB. Janus Henderson Group PLC grew its stake in shares of LyondellBasell Industries NV by 10,925.4% during the second quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock worth $427,685,000 after buying an additional 5,021,985 shares during the last quarter. Capital World Investors grew its stake in shares of LyondellBasell Industries NV by 23.0% during the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after buying an additional 3,651,750 shares during the last quarter. BlackRock Inc. grew its stake in shares of LyondellBasell Industries NV by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after buying an additional 2,327,350 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of LyondellBasell Industries NV by 38.1% during the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock worth $416,972,000 after buying an additional 1,160,471 shares during the last quarter. Finally, FMR LLC grew its stake in shares of LyondellBasell Industries NV by 2.8% during the second 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 last quarter. 74.58% of the stock is currently owned by hedge funds and other institutional investors.

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In related news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

A number of research firms have weighed in on LYB. Deutsche Bank AG reaffirmed a “buy” rating and set a $94.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and set a $90.00 target price on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Thursday, October 12th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $100.00 target price on shares of LyondellBasell Industries NV in a research note on Wednesday, November 1st. Finally, Barclays PLC boosted their target price on shares of LyondellBasell Industries NV from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. LyondellBasell Industries NV has a consensus rating of “Hold” and a consensus target price of $99.56.

LyondellBasell Industries NV (LYB) traded up $0.70 during mid-day trading on Friday, reaching $103.90. 1,401,905 shares of the company traded hands, compared to its average volume of 2,601,659. The firm has a market capitalization of $40,710.00, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $107.83.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be issued a $0.90 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $3.60 annualized dividend and a yield of 3.46%. LyondellBasell Industries NV’s payout ratio is 38.38%.

LyondellBasell Industries NV 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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