Thornburg Investment Management Inc. Purchases 689 Shares of LyondellBasell Industries NV (LYB)

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Thornburg Investment Management Inc. boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 0.0% during the 1st quarter, HoldingsChannel reports. The fund owned 1,782,816 shares of the specialty chemicals company’s stock after buying an additional 689 shares during the period. LyondellBasell Industries makes up 1.5% of Thornburg Investment Management Inc.’s portfolio, making the stock its 20th largest holding. Thornburg Investment Management Inc.’s holdings in LyondellBasell Industries were worth $149,899,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cerity Partners LLC lifted its holdings in shares of LyondellBasell Industries by 4.7% in the fourth quarter. Cerity Partners LLC now owns 2,662 shares of the specialty chemicals company’s stock valued at $221,000 after purchasing an additional 120 shares in the last quarter. Bell & Brown Wealth Advisors LLC increased its position in shares of LyondellBasell Industries by 2.4% during the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 5,250 shares of the specialty chemicals company’s stock valued at $437,000 after acquiring an additional 125 shares during the last quarter. First Command Bank increased its position in shares of LyondellBasell Industries by 64.4% during the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 125 shares during the last quarter. Zeke Capital Advisors LLC increased its position in shares of LyondellBasell Industries by 1.4% during the first quarter. Zeke Capital Advisors LLC now owns 9,754 shares of the specialty chemicals company’s stock valued at $820,000 after acquiring an additional 133 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in shares of LyondellBasell Industries by 2.7% during the first quarter. Dynamic Advisor Solutions LLC now owns 5,116 shares of the specialty chemicals company’s stock valued at $430,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

NYSE:LYB traded down $1.12 during trading hours on Friday, reaching $80.68. The stock had a trading volume of 35,007 shares, compared to its average volume of 2,172,541. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83. LyondellBasell Industries NV has a 12-month low of $77.52 and a 12-month high of $119.39. The company has a market capitalization of $29.90 billion, a P/E ratio of 7.16, a P/E/G ratio of 1.00 and a beta of 1.11.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $9.47 billion. During the same period last year, the business posted $3.11 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, analysts anticipate that LyondellBasell Industries NV will post 10.35 earnings per share for the current year.

A number of analysts recently commented on LYB shares. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a research report on Friday, April 26th. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $87.00 to $113.00 in a research report on Monday, April 15th. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target for the company in a research report on Tuesday, April 2nd. Goldman Sachs Group raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $104.00 to $125.00 in a research report on Wednesday, March 6th. Finally, reaffirmed a “buy” rating and set a $120.00 price target on shares of LyondellBasell Industries in a research report on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $115.19.

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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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