Arizona State Retirement System raised its position in LyondellBasell Industries NV (NYSE:LYB) by 22.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,067 shares of the specialty chemicals company’s stock after purchasing an additional 17,815 shares during the quarter. Arizona State Retirement System’s holdings in LyondellBasell Industries were worth $10,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hudock Capital Group LLC raised its stake in shares of LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 552 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of LyondellBasell Industries by 138.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 571 shares during the period. Atlas Capital Advisors LLC raised its stake in shares of LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after purchasing an additional 661 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $109,000. Finally, Legacy Financial Advisors Inc. raised its stake in shares of LyondellBasell Industries by 1,670.4% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,186 shares during the period. 74.04% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:LYB opened at $113.10 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 2.27. The stock has a market capitalization of $43.83 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.02 and a beta of 1.09. LyondellBasell Industries NV has a 52-week low of $85.35 and a 52-week high of $121.95.

Several analysts have issued reports on LYB shares. Zacks Investment Research downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Monday, April 23rd. Wells Fargo & Co lifted their price target on LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, June 6th. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, May 1st. Jefferies Financial Group raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, Standpoint Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 21st. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $118.57.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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