LyondellBasell Industries NV (NYSE:LYB) Shares Bought by Commerzbank Aktiengesellschaft FI

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Commerzbank Aktiengesellschaft FI boosted its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 24.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,556 shares of the specialty chemicals company’s stock after purchasing an additional 7,532 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in LyondellBasell Industries were worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Preferred LLC purchased a new position in LyondellBasell Industries in the second quarter valued at $25,000. Prestige Wealth Management Group LLC purchased a new position in LyondellBasell Industries in the second quarter valued at $26,000. MUFG Americas Holdings Corp increased its holdings in LyondellBasell Industries by 80.8% in the second quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 147 shares in the last quarter. Reilly Financial Advisors LLC increased its holdings in LyondellBasell Industries by 89.4% in the second quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock valued at $36,000 after buying an additional 195 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in LyondellBasell Industries by 47.1% in the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 137 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

In other LyondellBasell Industries news, CEO Bhavesh V. Patel acquired 7,246 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was bought at an average price of $68.85 per share, with a total value of $498,887.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Ai Investments Holdings Llc acquired 764,501 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were acquired at an average cost of $74.61 per share, with a total value of $57,039,419.61. The disclosure for this purchase can be found here. Insiders have bought 773,107 shares of company stock valued at $57,638,240 in the last three months. Corporate insiders own 0.14% of the company’s stock.

LYB has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of LyondellBasell Industries from $89.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, September 26th. ValuEngine raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. initiated coverage on shares of LyondellBasell Industries in a report on Friday, July 19th. They issued an “underweight” rating and a $80.00 price objective for the company. Cowen lifted their price objective on shares of LyondellBasell Industries from $85.00 to $90.00 and gave the company a “market perform” rating in a report on Thursday, September 26th. Finally, Wells Fargo & Co initiated coverage on shares of LyondellBasell Industries in a report on Tuesday, October 15th. They issued an “outperform” rating and a $105.00 price objective for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $100.24.

LYB stock opened at $86.11 on Monday. The stock has a market capitalization of $28.97 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.94 and a beta of 1.32. The firm has a 50-day simple moving average of $84.42 and a 200-day simple moving average of $83.53. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83. LyondellBasell Industries NV has a 52 week low of $68.61 and a 52 week high of $96.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.09). The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.26 billion. LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. On average, analysts expect that LyondellBasell Industries NV will post 10.23 earnings per share for the current year.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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