LyondellBasell Industries NV (NYSE:LYB) Shares Purchased by OLD National Bancorp IN

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OLD National Bancorp IN increased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 20.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,687 shares of the specialty chemicals company’s stock after buying an additional 6,300 shares during the period. OLD National Bancorp IN’s holdings in LyondellBasell Industries were worth $3,246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of LYB. Norinchukin Bank The grew its holdings in shares of LyondellBasell Industries by 0.4% during the first quarter. Norinchukin Bank The now owns 58,745 shares of the specialty chemicals company’s stock valued at $4,939,000 after buying an additional 205 shares during the last quarter. Bell Bank grew its holdings in shares of LyondellBasell Industries by 125.1% during the first quarter. Bell Bank now owns 41,717 shares of the specialty chemicals company’s stock valued at $3,508,000 after buying an additional 23,188 shares during the last quarter. TIAA FSB boosted its holdings in LyondellBasell Industries by 7.2% in the first quarter. TIAA FSB now owns 95,721 shares of the specialty chemicals company’s stock valued at $8,048,000 after purchasing an additional 6,425 shares during the last quarter. Empowered Funds LLC boosted its holdings in LyondellBasell Industries by 15.4% in the first quarter. Empowered Funds LLC now owns 30,115 shares of the specialty chemicals company’s stock valued at $2,532,000 after purchasing an additional 4,013 shares during the last quarter. Finally, Beech Hill Advisors Inc. boosted its holdings in LyondellBasell Industries by 19.0% in the second quarter. Beech Hill Advisors Inc. now owns 51,896 shares of the specialty chemicals company’s stock valued at $4,470,000 after purchasing an additional 8,300 shares during the last quarter. 76.39% of the stock is owned by institutional investors.

LYB opened at $73.14 on Tuesday. LyondellBasell Industries NV has a twelve month low of $72.88 and a twelve month high of $116.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.83 and a current ratio of 1.47. The stock’s 50-day moving average is $83.72. The firm has a market cap of $25.86 billion, a P/E ratio of 6.49, a PEG ratio of 0.83 and a beta of 1.31.

LYB has been the topic of several recent research reports. Deutsche Bank lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $100.00 to $94.00 in a report on Monday, June 17th. JPMorgan Chase & Co. initiated coverage on shares of LyondellBasell Industries in a report on Friday, July 19th. They issued an “underweight” rating and a $80.00 price target on the stock. Jefferies Financial Group upped their price target on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. UBS Group upped their price target on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Bank of America decreased their price objective on shares of LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $104.59.

LyondellBasell Industries Company Profile

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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