Chicago Equity Partners LLC lifted its position in LyondellBasell Industries NV (NYSE:LYB) by 13.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,960 shares of the specialty chemicals company’s stock after purchasing an additional 9,660 shares during the quarter. Chicago Equity Partners LLC’s holdings in LyondellBasell Industries were worth $6,899,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisors Preferred LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $31,000. Pflug Koory LLC boosted its holdings in shares of LyondellBasell Industries by 100.0% in the 4th quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 200 shares in the last quarter. We Are One Seven LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $51,000. First Mercantile Trust Co. boosted its holdings in shares of LyondellBasell Industries by 60.8% in the 4th quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 310 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth about $94,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Monday, October 15th. Nomura lowered their target price on LyondellBasell Industries from $118.00 to $113.00 and set a “neutral” rating for the company in a research note on Monday, October 15th. ValuEngine lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a research note on Monday, November 12th. Finally, Royal Bank of Canada raised LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 target price for the company in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. LyondellBasell Industries has a consensus rating of “Buy” and a consensus target price of $117.12.
In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc purchased 2,186,973 shares of the stock in a transaction on Tuesday, November 13th. The stock was acquired at an average price of $95.60 per share, with a total value of $209,074,618.80. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Thursday, December 6th. The shares were acquired at an average cost of $88.63 per share, with a total value of $443,150.00. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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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