LyondellBasell Industries NV (LYB): Is This A Good Stock Bet?

LyondellBasell Industries NV (NYSE:LYB), the Netherlands-based specialty chemicals company, is basically engaged in businesses related to chemicals and polymers as well as refining crude oil and gasoline blending components. Recently the company management presented at the 2013 Citi Basic Materials Conference. The vice president of investor relations at LyondellBasell Industries NV, Doug Pike, will be presenting the company at the Bank of America Merrill Lynch U.S. Basic Materials Conference this week.

LyondellBasell Industries NV (NYSE:LYB)

What have hedge funds been doing with LyondellBasell Industries NV (NYSE:LYB)?

During third quarter,  73 hedge funds tracked by Insider Monkey were long in this stock, a 22-percent from the second quarter.

According to Insider Monkey’s comprehensive database, Andreas Halvorsen of Viking Global had the largest position in LyondellBasell Industries NV (NYSE:LYB), worth $681.7 million, comprising 3.8 percent of its total investment portfolio. The second-largest stake is held by D. E. Shaw of D E Shaw, with a $343.5-million investment, comprising 0.5 percent of its total portfolio. Other hedgies that hold long positions include Cliff Asness of AQR Capital Management, Sean Cullinan of Point State Capital and David Cohen and Harold Levy of Iridian Asset Management.

Now, specific money managers were breaking ground themselves. Soroban Capital Partners, managed by Eric W. Mandelblatt, initiated the most bullish position in LyondellBasell Industries NV (NYSE:LYB) with an investment worth $129.4 million at the end of the quarter. Bruce Kovner’s Caxton Associates LP also initiated a $29.3-million investment during the quarter. The other fund managers with brand-new LYB positions are Kurt Billick of Bocage Capital, Stephen J. Errico of Locust Wood Capital Advisers, and Israel Englander of Catapult Capital Management.

Insider trading activity in LyondellBasell Industries NV (NYSE:LYB)

Over the latest 180-day time period, LyondellBasell Industries NV (NYSE:LYB) has experienced one unique insider buy and eight insider sales (see the details of insider trades here).

Let’s also take a look at hedge-fund and insider activity in other stocks similar to LyondellBasell Industries NV (NYSE:LYB). These stocks are Westlake Chemical Corporation (NYSE:WLK), Sigma-Aldrich Corporation (NASDAQ:SIAL), Sherwin-Williams Company (NYSE:SHW), PPG Industries, Inc. (NYSE:PPG), and Williams Partners L.P. (NYSE:WPZ). All of these stocks are in the specialty chemicals industry and their market caps are closest to LYB’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Westlake Chemical Corporation (NYSE:WLK) 34 0 5
Sigma-Aldrich Corporation (NASDAQ:SIAL) 20 1 3
Sherwin-Williams Company (NYSE:SHW) 36 0 1
PPG Industries, Inc. (NYSE:PPG) 31 0 7
Williams Partners L.P. (NYSE:WPZ) 10 0 1

No other company seems to be attractive to hedge-fund managers when compared to LyondellBasell Industries NV (NYSE:LYB) that is held by 73 of the hedge funds. As far insiders selling is concerned the activity in PPG Industries, Inc. (NYSE:PPG) is quite comparable to LYB.


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