DT Investment Partners LLC Grows Stake in LyondellBasell Industries NV (NYSE:LYB)

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DT Investment Partners LLC boosted its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 19.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,967 shares of the specialty chemicals company’s stock after purchasing an additional 9,325 shares during the quarter. LyondellBasell Industries comprises about 0.7% of DT Investment Partners LLC’s portfolio, making the stock its 21st biggest position. DT Investment Partners LLC’s holdings in LyondellBasell Industries were worth $5,186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Boothe Investment Group Inc. bought a new stake in LyondellBasell Industries in the second quarter worth $3,865,000. Fulton Bank N.A. boosted its holdings in LyondellBasell Industries by 8.7% in the second quarter. Fulton Bank N.A. now owns 9,413 shares of the specialty chemicals company’s stock worth $811,000 after acquiring an additional 754 shares in the last quarter. Denali Advisors LLC boosted its holdings in LyondellBasell Industries by 17.0% in the second quarter. Denali Advisors LLC now owns 138,551 shares of the specialty chemicals company’s stock worth $11,933,000 after acquiring an additional 20,100 shares in the last quarter. Investors Research Corp boosted its holdings in LyondellBasell Industries by 674.8% in the second quarter. Investors Research Corp now owns 10,847 shares of the specialty chemicals company’s stock worth $934,000 after acquiring an additional 9,447 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in LyondellBasell Industries in the second quarter worth $16,645,000. Institutional investors own 75.88% of the company’s stock.

Several research firms have commented on LYB. Cowen boosted their target price on LyondellBasell Industries from $85.00 to $90.00 and gave the stock a “market perform” rating in a report on Thursday, September 26th. ValuEngine raised LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. began coverage on LyondellBasell Industries in a report on Friday, July 19th. They issued an “underweight” rating and a $80.00 target price on the stock. Nomura dropped their target price on LyondellBasell Industries from $91.00 to $85.00 and set a “neutral” rating on the stock in a report on Wednesday, September 18th. Finally, UBS Group boosted their target price on LyondellBasell Industries from $87.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $98.75.

Shares of NYSE:LYB opened at $97.39 on Friday. The company has a market cap of $32.46 billion, a P/E ratio of 8.64, a PEG ratio of 1.07 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.30 and a quick ratio of 0.85. LyondellBasell Industries NV has a 1 year low of $68.61 and a 1 year high of $98.91. The stock’s fifty day moving average price is $88.82 and its 200-day moving average price is $83.64.

In other news, SVP Massimo Covezzi sold 11,762 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $96.79, for a total transaction of $1,138,443.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Jagjeet S. Bindra purchased 1,360 shares of the stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $73.48 per share, for a total transaction of $99,932.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 773,107 shares of company stock worth $57,638,240. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Profile

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.

Further Reading: Cost of Equity For A Business, Investors

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

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