South State Corp raised its stake in LyondellBasell Industries NV (NYSE:LYB) by 6.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,827 shares of the specialty chemicals company’s stock after buying an additional 2,831 shares during the period. South State Corp’s holdings in LyondellBasell Industries were worth $4,800,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hudock Capital Group LLC increased its holdings in shares of LyondellBasell Industries by 151.6% in the second quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after buying an additional 552 shares in the last quarter. Sun Life Financial INC increased its holdings in shares of LyondellBasell Industries by 843.4% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 894 shares in the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of LyondellBasell Industries by 192.2% in the second quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after buying an additional 661 shares in the last quarter. Legacy Financial Advisors Inc. increased its holdings in shares of LyondellBasell Industries by 1,670.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 1,186 shares in the last quarter. Finally, Reilly Financial Advisors LLC increased its holdings in shares of LyondellBasell Industries by 504.6% in the third quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 1,100 shares in the last quarter. 73.28% of the stock is currently owned by institutional investors.

NYSE LYB opened at $91.88 on Thursday. LyondellBasell Industries NV has a twelve month low of $85.60 and a twelve month high of $121.95. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.82. The company has a market cap of $36.54 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.84 and a beta of 1.24.

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

In other news, major shareholder Ai Investments Holdings Llc acquired 131,870 shares of the stock in a transaction on Monday, November 5th. The shares were purchased at an average cost of $93.10 per share, for a total transaction of $12,277,097.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have acquired 4,396,236 shares of company stock worth $418,088,113. Corporate insiders own 0.09% of the company’s stock.

Several research analysts have issued reports on the company. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a report on Monday. Jefferies Financial Group reaffirmed a “buy” rating on shares of LyondellBasell Industries in a report on Thursday. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. BMO Capital Markets set a $101.00 price target on LyondellBasell Industries and gave the company a “hold” rating in a report on Thursday, November 1st. Finally, Citigroup upped their price target on LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Two analysts have 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. LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $116.23.

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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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