LyondellBasell Industries NV (LYB) Shares Sold by Putnam Investments LLC

Putnam Investments LLC lowered its position in LyondellBasell Industries NV (NYSE:LYB) by 95.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,600 shares of the specialty chemicals company’s stock after selling 126,520 shares during the period. Putnam Investments LLC’s holdings in LyondellBasell Industries NV were worth $566,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LYB. FMR LLC increased its position in LyondellBasell Industries NV by 41.5% in the fourth quarter. FMR LLC now owns 24,138,271 shares of the specialty chemicals company’s stock worth $2,070,581,000 after buying an additional 7,075,742 shares during the period. State Street Corp increased its position in shares of LyondellBasell Industries NV by 3.0% in the fourth quarter. State Street Corp now owns 15,373,795 shares of the specialty chemicals company’s stock worth $1,318,769,000 after buying an additional 454,054 shares during the period. Ameriprise Financial Inc. increased its position in shares of LyondellBasell Industries NV by 17.7% in the third quarter. Ameriprise Financial Inc. now owns 6,864,300 shares of the specialty chemicals company’s stock worth $553,654,000 after buying an additional 1,034,064 shares during the period. BlackRock Fund Advisors increased its position in shares of LyondellBasell Industries NV by 4.7% in the third quarter. BlackRock Fund Advisors now owns 4,637,201 shares of the specialty chemicals company’s stock worth $374,037,000 after buying an additional 207,922 shares during the period. Finally, Northern Trust Corp increased its position in shares of LyondellBasell Industries NV by 0.3% in the third quarter. Northern Trust Corp now owns 4,636,904 shares of the specialty chemicals company’s stock worth $374,013,000 after buying an additional 14,318 shares during the period. Institutional investors and hedge funds own 69.75% of the company’s stock.

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

Shares of LyondellBasell Industries NV (NYSE:LYB) traded down 0.11% during mid-day trading on Friday, reaching $85.42. 2,529,160 shares of the company’s stock traded hands. The company has a market cap of $34.38 billion, a P/E ratio of 9.36 and a beta of 1.04. LyondellBasell Industries NV has a 12-month low of $69.82 and a 12-month high of $97.64. The firm has a 50-day moving average of $89.11 and a 200 day moving average of $87.55.

LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Friday, February 3rd. The specialty chemicals company reported $1.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.19 by $0.25. The firm had revenue of $7.75 billion for the quarter, compared to analysts’ expectations of $7.32 billion. LyondellBasell Industries NV had a return on equity of 63.76% and a net margin of 13.15%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period last year, the company earned $2.20 earnings per share. Equities analysts forecast that LyondellBasell Industries NV will post $10.10 EPS for the current year.

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A number of brokerages have recently commented on LYB. Citigroup Inc reissued an “overweight” rating on shares of LyondellBasell Industries NV in a research report on Friday, April 14th. Evercore ISI began coverage on shares of LyondellBasell Industries NV in a research report on Monday, February 13th. They issued a “buy” rating and a $109.00 price objective for the company. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $100.00 price objective on shares of LyondellBasell Industries NV in a research report on Friday, February 10th. Zacks Investment Research downgraded shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research report on Tuesday, February 7th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $95.00 target price (up previously from $92.00) on shares of LyondellBasell Industries NV in a research note on Monday, February 6th. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.33.

In related news, major shareholder Ai New Holdings 2 Llc sold 1,167,905 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $92.30, for a total transaction of $107,797,631.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jacquelyn H. Wolf sold 14,769 shares of the stock in a transaction on Wednesday, February 22nd. The shares were sold at an average price of $94.01, for a total value of $1,388,433.69. The disclosure for this sale can be found here. Insiders have sold a total of 4,600,598 shares of company stock worth $424,590,846 in the last 90 days. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

5 Day Chart for NYSE:LYB

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