Arvest Bank Trust Division Has $8.71 Million Stake in LyondellBasell Industries NV (NYSE:LYB)

Arvest Bank Trust Division trimmed its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 0.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,638 shares of the specialty chemicals company’s stock after selling 686 shares during the quarter. Arvest Bank Trust Division’s holdings in LyondellBasell Industries were worth $8,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Advisors Preferred LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $31,000. Berman Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $31,000. Phocas Financial Corp. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $33,000. Pflug Koory LLC boosted its stake 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 worth $38,000 after buying an additional 200 shares during the last quarter. Finally, Resources Investment Advisors Inc. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.

Shares of LyondellBasell Industries stock traded up $1.06 during mid-day trading on Friday, reaching $87.02. 1,249,915 shares of the stock traded hands, compared to its average volume of 2,557,275. LyondellBasell Industries NV has a fifty-two week low of $77.52 and a fifty-two week high of $119.39. The stock has a market capitalization of $32.15 billion, a P/E ratio of 7.72, a PEG ratio of 0.93 and a beta of 1.11. 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 (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $9.47 billion. During the same quarter in the prior year, the firm earned $3.11 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. As a group, research analysts anticipate that LyondellBasell Industries NV will post 10.03 EPS for the current fiscal year.

LYB has been the topic of a number of recent research reports. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Friday, April 26th. Nomura upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $87.00 to $113.00 in a research note 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 report on Tuesday, April 2nd. Goldman Sachs Group raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $104.00 to $125.00 in a report on Wednesday, March 6th. Finally, reaffirmed a “buy” rating and issued a $120.00 price target on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target 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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