LyondellBasell Industries NV (NYSE:LYB) Holdings Trimmed by Fmr LLC

FMR LLC trimmed its position in LyondellBasell Industries NV (NYSE:LYB) by 37.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,742,427 shares of the specialty chemicals company’s stock after selling 8,231,398 shares during the quarter. FMR LLC owned approximately 3.58% of LyondellBasell Industries worth $1,142,821,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LYB. Nomura Asset Management Co. Ltd. raised its stake in shares of LyondellBasell Industries by 10.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 124,877 shares of the specialty chemicals company’s stock worth $10,385,000 after acquiring an additional 11,374 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of LyondellBasell Industries by 1.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,982 shares of the specialty chemicals company’s stock worth $1,080,000 after acquiring an additional 232 shares in the last quarter. First Mercantile Trust Co. raised its stake in shares of LyondellBasell Industries by 60.8% during the fourth quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 310 shares in the last quarter. Van Hulzen Asset Management LLC raised its stake in shares of LyondellBasell Industries by 18.3% during the fourth quarter. Van Hulzen Asset Management LLC now owns 57,145 shares of the specialty chemicals company’s stock worth $4,752,000 after acquiring an additional 8,824 shares in the last quarter. Finally, Lido Advisors LLC raised its stake in shares of LyondellBasell Industries by 15.1% during the fourth quarter. Lido Advisors LLC now owns 6,881 shares of the specialty chemicals company’s stock worth $572,000 after acquiring an additional 904 shares in the last quarter. 72.50% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LYB stock traded up $0.03 during mid-day trading on Friday, reaching $91.79. 2,124,811 shares of the company’s stock traded hands, compared to its average volume of 2,520,620. LyondellBasell Industries NV has a 12 month low of $77.52 and a 12 month high of $119.39. The stock has a market cap of $33.99 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.83.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.13 by ($0.30). The company had revenue of $8.88 billion during 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%. On average, sell-side analysts forecast that LyondellBasell Industries NV will post 10.17 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the stock. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $87.00 to $113.00 in a report on Monday, April 15th. Dougherty & Co cut shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. Alembic Global Advisors set a $120.00 target price on shares of LyondellBasell Industries and gave the stock a “buy” rating in a report on Saturday, February 2nd. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 target price on the stock in a report on Tuesday, April 2nd. Finally, BMO Capital Markets cut their price target on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently 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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