LyondellBasell Industries NV (LYB) Holdings Reduced by River Road Asset Management LLC

River Road Asset Management LLC cut its stake in LyondellBasell Industries NV (NYSE:LYB) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,741 shares of the specialty chemicals company’s stock after selling 26,610 shares during the period. River Road Asset Management LLC owned approximately 0.07% of LyondellBasell Industries worth $26,319,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Chicago Equity Partners LLC boosted its holdings in shares of LyondellBasell Industries by 344.5% in the third quarter. Chicago Equity Partners LLC now owns 73,300 shares of the specialty chemicals company’s stock valued at $7,514,000 after acquiring an additional 56,810 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of LyondellBasell Industries by 14.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 16,894 shares of the specialty chemicals company’s stock valued at $1,734,000 after acquiring an additional 2,156 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of LyondellBasell Industries by 17.5% in the third quarter. Wedge Capital Management L L P NC now owns 69,917 shares of the specialty chemicals company’s stock valued at $7,167,000 after acquiring an additional 10,431 shares in the last quarter. Hutchinson Capital Management CA boosted its holdings in shares of LyondellBasell Industries by 1.1% in the third quarter. Hutchinson Capital Management CA now owns 106,853 shares of the specialty chemicals company’s stock valued at $10,954,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its holdings in shares of LyondellBasell Industries by 587.6% in the third quarter. Moody National Bank Trust Division now owns 33,900 shares of the specialty chemicals company’s stock valued at $3,475,000 after acquiring an additional 28,970 shares in the last quarter. Institutional investors and hedge funds own 72.28% of the company’s stock.

LYB stock opened at $93.10 on Monday. LyondellBasell Industries NV has a 12 month low of $85.60 and a 12 month high of $121.95. The company has a market cap of $35.72 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 0.83 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS for the quarter, beating the consensus estimate of $2.68 by $0.28. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the business earned $2.67 earnings per share. Equities analysts predict that LyondellBasell Industries NV will post 11.84 earnings per share for the current fiscal year.

LYB has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $110.00 to $95.00 in a report on Wednesday, September 19th. Citigroup cut shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $125.00 to $109.00 in a report on Monday, September 17th. Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Cowen cut their target price on shares of LyondellBasell Industries from $113.00 to $103.00 and set a “market perform” rating for the company in a research note on Friday, September 7th. Finally, BNP Paribas started coverage on shares of LyondellBasell Industries in a research note on Tuesday, October 2nd. They set an “outperform” rating and a $129.00 target price for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $117.70.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, 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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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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