Private Capital Advisors Inc. Reduces Holdings in LyondellBasell Industries NV (NYSE:LYB)

Private Capital Advisors Inc. decreased its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 12.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 49,045 shares of the specialty chemicals company’s stock after selling 6,765 shares during the quarter. LyondellBasell Industries comprises approximately 1.9% of Private Capital Advisors Inc.’s investment portfolio, making the stock its 22nd largest holding. Private Capital Advisors Inc.’s holdings in LyondellBasell Industries were worth $5,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. Franklin Resources Inc. boosted its holdings in LyondellBasell Industries by 15.6% during the 2nd quarter. Franklin Resources Inc. now owns 809,961 shares of the specialty chemicals company’s stock worth $68,335,000 after acquiring an additional 109,436 shares during the last quarter. Financial Counselors Inc. raised its stake in shares of LyondellBasell Industries by 2.5% during the 2nd quarter. Financial Counselors Inc. now owns 3,865 shares of the specialty chemicals company’s stock worth $326,000 after purchasing an additional 94 shares during the period. Riverhead Capital Management LLC raised its stake in shares of LyondellBasell Industries by 5.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 32,815 shares of the specialty chemicals company’s stock worth $2,769,000 after purchasing an additional 1,736 shares during the period. Fiera Capital Corp raised its stake in LyondellBasell Industries by 2.5% in the 2nd quarter. Fiera Capital Corp now owns 3,827 shares of the specialty chemicals company’s stock valued at $323,000 after acquiring an additional 94 shares during the period. Finally, WBI Investments Inc. raised its stake in LyondellBasell Industries by 70.3% in the 2nd quarter. WBI Investments Inc. now owns 19,305 shares of the specialty chemicals company’s stock valued at $1,629,000 after acquiring an additional 7,972 shares during the period. 74.23% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on LYB. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday. Royal Bank of Canada reiterated a “hold” rating and set a $119.00 price target on shares of LyondellBasell Industries in a research report on Thursday, January 25th. Cowen reiterated a “hold” rating and set a $125.00 price target on shares of LyondellBasell Industries in a research report on Wednesday. Wells Fargo & Co reissued an “outperform” rating and set a $125.00 price objective (up previously from $110.00) on shares of LyondellBasell Industries in a report on Wednesday, January 17th. Finally, Barclays boosted their price objective on LyondellBasell Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $105.79.

Shares of LyondellBasell Industries NV (NYSE LYB) opened at $112.17 on Friday. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month high of $121.95. The company has a market capitalization of $44,246.58, a price-to-earnings ratio of 10.98, a PEG ratio of 1.30 and a beta of 1.05. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 58.13% and a net margin of 11.32%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the prior year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. equities research analysts anticipate that LyondellBasell Industries NV will post 9.62 EPS for the current year.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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