Verity & Verity LLC lifted its holdings in LyondellBasell Industries (NYSE:LYB – Free Report) by 16.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,082 shares of the specialty chemicals company’s stock after purchasing an additional 15,805 shares during the period. Verity & Verity LLC’s holdings in LyondellBasell Industries were worth $10,201,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LYB. Vanguard Group Inc. lifted its position in shares of LyondellBasell Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 30,852,225 shares of the specialty chemicals company’s stock valued at $3,172,226,000 after acquiring an additional 335,124 shares during the last quarter. State Street Corp lifted its holdings in shares of LyondellBasell Industries by 2.9% during the first quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company’s stock valued at $1,266,977,000 after purchasing an additional 348,169 shares during the last quarter. FMR LLC increased its stake in LyondellBasell Industries by 27.6% in the 1st quarter. FMR LLC now owns 5,829,284 shares of the specialty chemicals company’s stock worth $547,312,000 after purchasing an additional 1,262,433 shares in the last quarter. Geode Capital Management LLC raised its holdings in LyondellBasell Industries by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 5,653,467 shares of the specialty chemicals company’s stock worth $471,534,000 after buying an additional 39,965 shares during the period. Finally, Morgan Stanley boosted its holdings in shares of LyondellBasell Industries by 0.6% in the fourth quarter. Morgan Stanley now owns 5,564,134 shares of the specialty chemicals company’s stock worth $461,990,000 after buying an additional 34,064 shares during the period. 91.41% of the stock is currently owned by institutional investors.
Insider Activity at LyondellBasell Industries
In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $97.56, for a total value of $975,600.00. Following the transaction, the executive vice president now owns 49,876 shares of the company’s stock, valued at $4,865,902.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Ai Investments Holdings Llc sold 483 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $99.61, for a total value of $48,111.63. Following the transaction, the insider now owns 765,996 shares in the company, valued at $76,300,861.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey A. Kaplan sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $97.56, for a total transaction of $975,600.00. Following the transaction, the executive vice president now owns 49,876 shares in the company, valued at $4,865,902.56. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on LYB. Bank of America increased their target price on LyondellBasell Industries from $92.00 to $99.00 in a report on Monday, August 7th. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $121.00 to $116.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. Citigroup lifted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. Wells Fargo & Company raised their price target on LyondellBasell Industries from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, July 19th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $100.06.
View Our Latest Stock Report on LyondellBasell Industries
LyondellBasell Industries Price Performance
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Read More: LyondellBasell Industries (NYSE:LYB) Shares Purchased by Verity & Verity LLC