OmniStar Financial Group Inc. Has $1.47 Million Stake in LyondellBasell Industries NV (NYSE:LYB)

OmniStar Financial Group Inc. grew its holdings in LyondellBasell Industries NV (NYSE:LYB) by 16.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 17,489 shares of the specialty chemicals company’s stock after buying an additional 2,423 shares during the period. LyondellBasell Industries accounts for approximately 1.3% of OmniStar Financial Group Inc.’s portfolio, making the stock its 29th largest position. OmniStar Financial Group Inc.’s holdings in LyondellBasell Industries were worth $1,470,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Advisors Preferred LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $31,000. Berman Capital Advisors LLC acquired a new stake in LyondellBasell Industries during the fourth quarter worth approximately $31,000. Pflug Koory LLC boosted its position in LyondellBasell Industries by 100.0% during the fourth quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 200 shares during the last quarter. Phocas Financial Corp. acquired a new stake in LyondellBasell Industries during the fourth quarter worth approximately $33,000. Finally, Resources Investment Advisors Inc. acquired a new stake in LyondellBasell Industries during the fourth quarter worth approximately $49,000. 72.86% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on LYB shares. Zacks Investment Research lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. reiterated a “buy” rating and issued a $120.00 price target on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $87.00 to $113.00 in a report on Monday, April 15th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target on the stock in a report on Tuesday, April 2nd. Finally, BMO Capital Markets decreased 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 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’s stock. The company has a consensus rating of “Buy” and an average price target of $116.94.

Shares of LYB stock opened at $87.02 on Friday. The firm has a market cap of $32.15 billion, a price-to-earnings ratio of 7.72, a P/E/G ratio of 0.93 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. LyondellBasell Industries NV has a 1-year low of $77.52 and a 1-year high of $119.39.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same period in the previous year, the business posted $3.11 EPS. The company’s quarterly revenue was down 10.1% on a year-over-year basis. Equities analysts forecast that LyondellBasell Industries NV will post 10.03 earnings per share for the current fiscal year.

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LyondellBasell Industries Company Profile

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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