LyondellBasell Industries NV (LYB) Holdings Raised by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 33.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,685 shares of the specialty chemicals company’s stock after purchasing an additional 11,452 shares during the quarter. LPL Financial LLC’s holdings in LyondellBasell Industries were worth $5,040,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its position in LyondellBasell Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock worth $2,769,000 after purchasing an additional 434 shares during the period. Covington Capital Management boosted its position in shares of LyondellBasell Industries by 40.7% in the fourth quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock valued at $191,000 after acquiring an additional 500 shares during the period. Oakworth Capital Inc. boosted its position in shares of LyondellBasell Industries by 47.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares during the period. Advisor Partners LLC boosted its position in shares of LyondellBasell Industries by 10.1% in the fourth quarter. Advisor Partners LLC now owns 5,973 shares of the specialty chemicals company’s stock valued at $716,000 after acquiring an additional 549 shares during the period. Finally, Gyroscope Capital Management Group LLC boosted its position in shares of LyondellBasell Industries by 1.0% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 60,473 shares of the specialty chemicals company’s stock valued at $6,671,000 after acquiring an additional 624 shares during the period. 75.10% of the stock is owned by hedge funds and other institutional investors.

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LyondellBasell Industries NV (NYSE LYB) opened at $104.55 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. The company has a market capitalization of $41,250.83, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.08 and a beta of 1.12. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month high of $121.95.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.18. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. LyondellBasell Industries’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. research analysts predict that LyondellBasell Industries NV will post 10.75 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, March 5th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio is presently 32.65%.

Several research firms have recently weighed in on LYB. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Citigroup increased their price objective on LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, February 5th. Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Wells Fargo reissued an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $108.24.

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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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