Northwestern Mutual Wealth Management Co. grew its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,894 shares of the specialty chemicals company’s stock after acquiring an additional 2,156 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in LyondellBasell Industries were worth $1,734,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of LYB. First Republic Investment Management Inc. grew its holdings in LyondellBasell Industries by 101.2% during the 2nd quarter. First Republic Investment Management Inc. now owns 677,904 shares of the specialty chemicals company’s stock worth $74,467,000 after acquiring an additional 55,533,112 shares during the period. Assenagon Asset Management S.A. grew its holdings in LyondellBasell Industries by 102.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,435,668 shares of the specialty chemicals company’s stock worth $157,708,000 after acquiring an additional 726,524 shares during the period. Morgan Stanley grew its holdings in LyondellBasell Industries by 9.9% during the 2nd quarter. Morgan Stanley now owns 4,606,962 shares of the specialty chemicals company’s stock worth $506,075,000 after acquiring an additional 413,346 shares during the period. American Century Companies Inc. grew its holdings in LyondellBasell Industries by 28.0% during the 2nd quarter. American Century Companies Inc. now owns 1,418,048 shares of the specialty chemicals company’s stock worth $155,773,000 after acquiring an additional 310,552 shares during the period. Finally, Columbus Hill Capital Management L.P. acquired a new stake in LyondellBasell Industries during the 2nd quarter worth about $28,231,000. Hedge funds and other institutional investors own 72.28% of the company’s stock.

In related news, major shareholder Ai Investments Holdings Llc acquired 131,870 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were bought at an average price of $93.10 per share, with a total value of $12,277,097.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have bought a total of 2,209,263 shares of company stock worth $209,013,494 in the last three months. Insiders own 0.09% of the company’s stock.

LYB has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Cowen decreased their price target on LyondellBasell Industries from $113.00 to $103.00 and set a “market perform” rating for the company in a report on Friday, September 7th. JPMorgan Chase & Co. downgraded LyondellBasell Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $110.00 to $95.00 in a report on Wednesday, September 19th. Citigroup downgraded LyondellBasell Industries from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $125.00 to $109.00 in a report on Monday, September 17th. Finally, ValuEngine downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $117.70.

LYB stock opened at $96.06 on Friday. The stock has a market cap of $37.16 billion, a PE ratio of 7.98, a P/E/G ratio of 0.86 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. LyondellBasell Industries NV has a 1 year low of $85.60 and a 1 year high of $121.95.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.28. The company had revenue of $10.16 billion for the quarter, compared to analysts’ expectations of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business’s revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. As a group, sell-side analysts expect that LyondellBasell Industries NV will post 11.89 EPS for the current fiscal year.

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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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