Quantitative Systematic Strategies LLC bought a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the fourth quarter, HoldingsChannel reports. The firm bought 5,885 shares of the specialty chemicals company’s stock, valued at approximately $649,000.

A number of other institutional investors have also added to or reduced their stakes in LYB. Fieldpoint Private Securities LLC acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $109,000. CENTRAL TRUST Co lifted its holdings in LyondellBasell Industries by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 685 shares in the last quarter. Oakworth Capital Inc. lifted its holdings in LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 501 shares in the last quarter. BDO Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 64.5% during the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $177,000 after buying an additional 700 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its holdings in LyondellBasell Industries by 80.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 800 shares in the last quarter. Institutional investors own 74.28% of the company’s stock.

Shares of LyondellBasell Industries NV (LYB) opened at $112.17 on Monday. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $121.95. The firm has a market cap of $44,246.61, a price-to-earnings ratio of 10.98, a PEG ratio of 1.30 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the business earned $1.94 EPS. LyondellBasell Industries’s revenue for the quarter was up 17.9% compared to the same quarter last year. sell-side analysts anticipate that LyondellBasell Industries NV will post 9.62 earnings per share for the current fiscal year.

LYB has been the topic of a number of research reports. lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, October 10th. Jefferies Group reiterated a “hold” rating and set a $95.00 target price (up from $88.00) on shares of LyondellBasell Industries in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Thursday, October 12th. UBS Group raised their price objective on shares of LyondellBasell Industries from $88.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 13th. Finally, Cowen raised their price objective on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $105.79.

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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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