Ferris Capital LLC Has $1.52 Million Position in LyondellBasell Industries NV (LYB)

Ferris Capital LLC increased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 428.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,800 shares of the specialty chemicals company’s stock after buying an additional 11,191 shares during the quarter. Ferris Capital LLC’s holdings in LyondellBasell Industries were worth $1,522,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in LyondellBasell Industries by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after purchasing an additional 1,069,625 shares during the period. Bank of New York Mellon Corp raised its holdings in LyondellBasell Industries by 1.9% in the 4th quarter. Bank of New York Mellon Corp now owns 4,290,738 shares of the specialty chemicals company’s stock worth $473,353,000 after purchasing an additional 81,033 shares during the period. LSV Asset Management raised its holdings in LyondellBasell Industries by 7.3% in the 4th quarter. LSV Asset Management now owns 3,367,384 shares of the specialty chemicals company’s stock worth $371,489,000 after purchasing an additional 229,450 shares during the period. APG Asset Management N.V. raised its holdings in LyondellBasell Industries by 6.6% in the 4th quarter. APG Asset Management N.V. now owns 2,543,033 shares of the specialty chemicals company’s stock worth $233,634,000 after purchasing an additional 157,400 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in LyondellBasell Industries by 42.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,486,577 shares of the specialty chemicals company’s stock worth $274,318,000 after purchasing an additional 736,109 shares during the period. 74.21% of the stock is owned by institutional investors.

LyondellBasell Industries NV (LYB) opened at $108.61 on Friday. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $121.95. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $42,842.30, a P/E ratio of 8.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, beating the consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The firm had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. equities research analysts expect that LyondellBasell Industries NV will post 10.75 EPS for the current fiscal year.

LYB has been the subject of a number of analyst reports. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Tuesday, January 9th. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Monday, December 18th. Morgan Stanley set a $115.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, December 2nd. Cowen reissued a “hold” rating and set a $125.00 target price on shares of LyondellBasell Industries in a report on Wednesday, January 31st. Finally, Royal Bank of Canada reissued a “hold” rating and set a $119.00 target price on shares of LyondellBasell Industries in a report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $108.24.

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About LyondellBasell Industries

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.

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

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