NewSquare Capital LLC decreased its position in LyondellBasell Industries NV (NYSE:LYB) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,181 shares of the specialty chemicals company’s stock after selling 2,240 shares during the quarter. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $1,179,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in LYB. Alps Advisors Inc. raised its position in shares of LyondellBasell Industries by 16.1% during the third quarter. Alps Advisors Inc. now owns 472,161 shares of the specialty chemicals company’s stock worth $48,401,000 after purchasing an additional 65,447 shares during the period. Nisa Investment Advisors LLC raised its position in LyondellBasell Industries by 40.8% during the third quarter. Nisa Investment Advisors LLC now owns 65,395 shares of the specialty chemicals company’s stock valued at $6,704,000 after buying an additional 18,935 shares during the period. TIAA FSB raised its position in LyondellBasell Industries by 177.7% during the third quarter. TIAA FSB now owns 52,351 shares of the specialty chemicals company’s stock valued at $5,367,000 after buying an additional 33,500 shares during the period. Covington Capital Management raised its position in LyondellBasell Industries by 42.2% during the third quarter. Covington Capital Management now owns 2,527 shares of the specialty chemicals company’s stock valued at $259,000 after buying an additional 750 shares during the period. Finally, First Citizens Bank & Trust Co. grew its stake in LyondellBasell Industries by 121.1% in the third quarter. First Citizens Bank & Trust Co. now owns 28,955 shares of the specialty chemicals company’s stock valued at $2,968,000 after purchasing an additional 15,862 shares in the last quarter. Institutional investors and hedge funds own 76.29% of the company’s stock.
In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were purchased at an average price of $88.63 per share, with a total value of $443,150.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.
Several analysts have recently issued reports on the company. ValuEngine downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Monday, November 12th. Royal Bank of Canada raised LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price target for the company in a report on Tuesday, November 20th. They noted that the move was a valuation call. HSBC raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Friday, November 2nd. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of LyondellBasell Industries in a research report on Thursday, November 15th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company. LyondellBasell Industries has a consensus rating of “Buy” and a consensus target price of $117.29.
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LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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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