LyondellBasell Industries NV (LYB) Shares Bought by Boston Partners

Boston Partners increased its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 30.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,552 shares of the specialty chemicals company’s stock after buying an additional 5,766 shares during the quarter. Boston Partners’ holdings in LyondellBasell Industries were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of LYB. Vanguard Group Inc grew its stake in LyondellBasell Industries by 0.7% in the third quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock valued at $2,640,901,000 after purchasing an additional 179,076 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in LyondellBasell Industries by 7,934.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,343,271 shares of the specialty chemicals company’s stock valued at $160,000 after purchasing an additional 13,177,190 shares in the last quarter. Janus Henderson Group PLC grew its stake in LyondellBasell Industries by 1.7% in the first quarter. Janus Henderson Group PLC now owns 5,656,949 shares of the specialty chemicals company’s stock valued at $475,637,000 after purchasing an additional 93,201 shares in the last quarter. Northern Trust Corp grew its stake in LyondellBasell Industries by 6.4% in the fourth quarter. Northern Trust Corp now owns 4,992,995 shares of the specialty chemicals company’s stock valued at $415,218,000 after purchasing an additional 298,882 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in LyondellBasell Industries by 45.4% in the fourth quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock valued at $372,096,000 after purchasing an additional 1,396,953 shares in the last quarter. Institutional investors and hedge funds own 72.83% of the company’s stock.

LYB opened at $80.15 on Friday. The stock has a market cap of $29.90 billion, a PE ratio of 7.11, a P/E/G ratio of 1.00 and a beta of 1.11. LyondellBasell Industries NV has a 52-week low of $77.52 and a 52-week high of $119.39. 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 (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.20 by $0.02. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.11 EPS. On average, equities research analysts forecast that LyondellBasell Industries NV will post 10.35 earnings per share for the current year.

A number of research analysts have commented on LYB shares. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the company 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 price target for the stock from $87.00 to $113.00 in a research note on Monday, April 15th. Bank of America upgraded LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target for the company in a research note on Tuesday, April 2nd. Goldman Sachs Group upgraded 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 research note on Wednesday, March 6th. Finally, reiterated a “buy” rating and set a $120.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Two 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. The company currently has an average rating of “Buy” and a consensus price target of $115.19.

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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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