Raymond James & Associates Has $51.47 Million Position in LyondellBasell Industries NV (LYB)

Raymond James & Associates boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 17.1% in the 1st quarter, Holdings Channel reports. The firm owned 612,194 shares of the specialty chemicals company’s stock after purchasing an additional 89,617 shares during the period. Raymond James & Associates’ holdings in LyondellBasell Industries were worth $51,473,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in LYB. Nomura Asset Management Co. Ltd. raised its position in shares of LyondellBasell Industries by 10.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 124,877 shares of the specialty chemicals company’s stock valued at $10,385,000 after acquiring an additional 11,374 shares in the last quarter. TIAA FSB raised its position in shares of LyondellBasell Industries by 7.2% during the 1st quarter. TIAA FSB now owns 95,721 shares of the specialty chemicals company’s stock valued at $8,048,000 after acquiring an additional 6,425 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of LyondellBasell Industries by 1.8% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,982 shares of the specialty chemicals company’s stock valued at $1,080,000 after acquiring an additional 232 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in shares of LyondellBasell Industries during the 1st quarter valued at approximately $985,000. Finally, First Mercantile Trust Co. raised its position in shares of LyondellBasell Industries by 60.8% during the 4th quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock valued at $68,000 after acquiring an additional 310 shares in the last quarter. 72.83% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. 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 upped 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 target price on the stock 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 target price for the stock from $104.00 to $125.00 in a research report on Wednesday, March 6th. Finally, Dougherty & Co lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. LyondellBasell Industries has a consensus rating of “Buy” and a consensus target price of $115.19.

Shares of NYSE LYB opened at $81.80 on Friday. The firm has a market capitalization of $29.90 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 1.00 and a beta of 1.11. The company has a current ratio of 1.47, a quick ratio of 0.83 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 issued its quarterly 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. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period last year, the company earned $3.11 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries NV will post 10.35 EPS for the current fiscal year.

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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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