NewSquare Capital LLC Has $1.68 Million Position in LyondellBasell Industries NV (LYB)

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NewSquare Capital LLC boosted its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 7.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,421 shares of the specialty chemicals company’s stock after acquiring an additional 1,140 shares during the period. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $1,683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Reilly Financial Advisors LLC lifted its position in LyondellBasell Industries by 504.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock worth $135,000 after acquiring an additional 1,100 shares during the last quarter. TIAA FSB lifted its position in LyondellBasell Industries by 177.7% during the 3rd quarter. TIAA FSB now owns 52,351 shares of the specialty chemicals company’s stock worth $5,367,000 after acquiring an additional 33,500 shares during the last quarter. Empowered Funds LLC lifted its position in LyondellBasell Industries by 9.3% during the 3rd quarter. Empowered Funds LLC now owns 28,906 shares of the specialty chemicals company’s stock worth $2,971,000 after acquiring an additional 2,453 shares during the last quarter. First Citizens Bank & Trust Co. lifted its position in LyondellBasell Industries by 121.1% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 28,955 shares of the specialty chemicals company’s stock worth $2,968,000 after acquiring an additional 15,862 shares during the last quarter. Finally, Capital City Trust Co. FL lifted its position in LyondellBasell Industries by 5.2% during the 3rd quarter. Capital City Trust Co. FL now owns 12,745 shares of the specialty chemicals company’s stock worth $1,306,000 after acquiring an additional 629 shares during the last quarter. 72.66% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on LYB shares. Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Cowen cut their price objective on shares of LyondellBasell Industries from $113.00 to $103.00 and set a “market perform” rating for the company in a research report on Friday, September 7th. JPMorgan Chase & Co. lowered shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $110.00 to $95.00 in a research report on Wednesday, September 19th. Citigroup lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $125.00 to $109.00 in a research report on Monday, September 17th. Finally, ValuEngine lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $117.46.

Shares of LYB opened at $93.59 on Friday. The stock has a market cap of $36.90 billion, a PE ratio of 8.18, a P/E/G ratio of 0.85 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.27 and a quick ratio of 1.51. LyondellBasell Industries NV has a 52 week low of $92.88 and a 52 week high of $121.95.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.44. The business had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. Equities analysts predict that LyondellBasell Industries NV will post 11.71 EPS for the current year.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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