Optimum Investment Advisors Has $242,000 Stake in LyondellBasell Industries NV (LYB)

Optimum Investment Advisors reduced its position in LyondellBasell Industries NV (NYSE:LYB) by 46.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,910 shares of the specialty chemicals company’s stock after selling 2,525 shares during the quarter. Optimum Investment Advisors’ holdings in LyondellBasell Industries were worth $242,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. boosted its stake in 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 acquiring an additional 65,447 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake 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 worth $6,704,000 after acquiring an additional 18,935 shares in the last quarter. TIAA FSB boosted its stake in LyondellBasell Industries by 177.7% during the third quarter. TIAA FSB now owns 52,351 shares of the specialty chemicals company’s stock worth $5,367,000 after acquiring an additional 33,500 shares in the last quarter. Covington Capital Management boosted its stake 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 worth $259,000 after acquiring an additional 750 shares in the last quarter. Finally, First Citizens Bank & Trust Co. boosted its stake in LyondellBasell Industries by 121.1% during the third quarter. First Citizens Bank & Trust Co. now owns 28,955 shares of the specialty chemicals company’s stock worth $2,968,000 after acquiring an additional 15,862 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently issued reports on LYB shares. Jefferies Financial Group reissued a “buy” rating on shares of LyondellBasell Industries in a research note on Thursday, November 15th. Royal Bank of Canada raised shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Monday, November 12th. ValuEngine lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. Finally, Zacks Investment Research raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $117.12.

In related news, major shareholder Ai Investments Holdings Llc bought 2,186,973 shares of the company’s stock in a transaction on Tuesday, November 13th. The stock was acquired at an average cost of $95.60 per share, for a total transaction of $209,074,618.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were bought at an average price of $88.63 per share, with a total value of $443,150.00. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries stock opened at $84.58 on Monday. LyondellBasell Industries NV has a 1 year low of $77.52 and a 1 year high of $119.39. The company has a market cap of $32.45 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 0.87 and a beta of 1.38. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.10.

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LyondellBasell Industries Profile

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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