Sciencast Management LP grew its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 239.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,500 shares of the specialty chemicals company’s stock after buying an additional 20,100 shares during the quarter. LyondellBasell Industries accounts for about 0.9% of Sciencast Management LP’s investment portfolio, making the stock its 3rd biggest position. Sciencast Management LP’s holdings in LyondellBasell Industries were worth $2,582,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Preferred LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $31,000. Berman Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $33,000. Pflug Koory LLC boosted its holdings in shares of LyondellBasell Industries by 100.0% in the fourth quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Finally, Phocas Financial Corp. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $33,000. 72.49% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries stock traded down $0.05 during mid-day trading on Monday, reaching $92.24. 77,890 shares of the company were exchanged, compared to its average volume of 2,554,641. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The firm has a market cap of $34.18 billion, a P/E ratio of 8.19, a P/E/G ratio of 0.93 and a beta of 1.10. LyondellBasell Industries NV has a 12-month low of $77.52 and a 12-month high of $119.39.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.30). The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $9.22 billion. LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. Equities analysts expect that LyondellBasell Industries NV will post 10.24 earnings per share for the current year.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Friday, February 1st. BMO Capital Markets lowered their price target on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, February 5th. Dougherty & Co lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, February 2nd. Finally, Bank of America upgraded LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. LyondellBasell Industries has a consensus rating of “Buy” and a consensus target price of $116.94.

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About LyondellBasell Industries

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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