Oppenheimer & Co. Inc. lowered its holdings in LyondellBasell Industries NV (NYSE:LYB) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,991 shares of the specialty chemicals company’s stock after selling 3,493 shares during the period. Oppenheimer & Co. Inc.’s holdings in LyondellBasell Industries were worth $2,205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. Koch Industries Inc. bought a new stake in LyondellBasell Industries in the second quarter valued at about $231,000. WFG Advisors LP increased its stake in LyondellBasell Industries by 66.4% in the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 883 shares during the period. Navellier & Associates Inc bought a new stake in LyondellBasell Industries in the second quarter valued at about $436,000. Intl Fcstone Inc. bought a new stake in LyondellBasell Industries in the second quarter valued at about $1,059,000. Finally, W. E. Donoghue & Co. LLC bought a new stake in LyondellBasell Industries in the second quarter valued at about $16,714,000. 74.21% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently weighed in on LYB shares. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research note on Tuesday, January 9th. Citigroup raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Monday, December 18th. Morgan Stanley set a $115.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, December 2nd. Cowen reissued a “hold” rating and issued a $125.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $119.00 target price on shares of LyondellBasell Industries in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $108.24.

LyondellBasell Industries NV (NYSE LYB) opened at $112.00 on Thursday. The company has a market cap of $43,248.63, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.14 and a beta of 1.05. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month high of $121.95. 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 earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the business earned $1.94 earnings per share. LyondellBasell Industries’s quarterly revenue was up 17.9% on a year-over-year basis. equities research analysts predict that LyondellBasell Industries NV will post 10.67 EPS for the current year.

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LyondellBasell Industries Company 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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