LyondellBasell Industries NV (NYSE:LYB) Position Raised by NuWave Investment Management LLC

NuWave Investment Management LLC increased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 53.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 809 shares of the specialty chemicals company’s stock after purchasing an additional 282 shares during the period. NuWave Investment Management LLC’s holdings in LyondellBasell Industries were worth $68,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Winmill & CO. Inc. bought a new stake in LyondellBasell Industries during the third quarter worth approximately $3,131,000. PFG Advisors grew its position in LyondellBasell Industries by 2.6% in the third quarter. PFG Advisors now owns 4,712 shares of the specialty chemicals company’s stock worth $388,000 after buying an additional 120 shares during the last quarter. Windward Capital Management Co. CA grew its position in LyondellBasell Industries by 16.4% in the third quarter. Windward Capital Management Co. CA now owns 21,288 shares of the specialty chemicals company’s stock worth $1,905,000 after buying an additional 3,001 shares during the last quarter. OmniStar Financial Group Inc. grew its position in LyondellBasell Industries by 2.1% in the third quarter. OmniStar Financial Group Inc. now owns 18,533 shares of the specialty chemicals company’s stock worth $1,658,000 after buying an additional 382 shares during the last quarter. Finally, KG&L Capital Management LLC grew its position in LyondellBasell Industries by 13.2% in the third quarter. KG&L Capital Management LLC now owns 12,220 shares of the specialty chemicals company’s stock worth $1,093,000 after buying an additional 1,425 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

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

NYSE LYB opened at $86.45 on Thursday. LyondellBasell Industries NV has a twelve month low of $68.61 and a twelve month high of $98.33. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.47. The stock has a market cap of $29.29 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 0.95 and a beta of 1.32. The firm’s 50 day moving average price is $83.79 and its two-hundred day moving average price is $83.51.

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

LYB has been the topic of several recent research reports. Citigroup lifted their price target on shares of LyondellBasell Industries from $83.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. ValuEngine upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a research report on Tuesday, August 13th. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research report on Monday, August 5th. Finally, UBS Group lifted their price target on shares of LyondellBasell Industries from $87.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $100.24.

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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