LyondellBasell (LYB) Stake Increased by Cincinnati Financial Corp

Cincinnati Financial Corp lifted its stake in shares of LyondellBasell (NYSE:LYB) by 30.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,991 shares of the specialty chemicals company’s stock after acquiring an additional 14,991 shares during the quarter. Cincinnati Financial Corp’s holdings in LyondellBasell were worth $6,868,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in shares of LyondellBasell during the 1st quarter worth about $109,000. TCI Wealth Advisors Inc. boosted its stake in shares of LyondellBasell by 229.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after acquiring an additional 708 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of LyondellBasell by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after acquiring an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of LyondellBasell during the 4th quarter worth about $134,000. Finally, Certified Advisory Corp bought a new stake in shares of LyondellBasell during the 4th quarter worth about $157,000. Institutional investors own 73.60% of the company’s stock.

Shares of LYB stock opened at $115.66 on Thursday. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 0.88. LyondellBasell has a 12 month low of $78.01 and a 12 month high of $121.95. The company has a market capitalization of $46.08 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.19 and a beta of 1.10.

LyondellBasell (NYSE:LYB) last announced its quarterly earnings data on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.80 by $0.31. LyondellBasell had a return on equity of 53.55% and a net margin of 14.83%. The company had revenue of $9.77 billion during the quarter, compared to the consensus estimate of $9.43 billion. During the same quarter last year, the company earned $1.98 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. equities research analysts forecast that LyondellBasell will post 11.02 EPS for the current year.

LYB has been the subject of several recent analyst reports. ValuEngine downgraded LyondellBasell from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 3rd. Citigroup increased their target price on LyondellBasell from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley set a $130.00 target price on LyondellBasell and gave the company a “buy” rating in a research note on Friday, February 16th. Zacks Investment Research upgraded LyondellBasell from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Monday, February 5th. Finally, MED restated a “buy” rating and set a $140.00 target price on shares of LyondellBasell in a research note on Monday, May 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. LyondellBasell has a consensus rating of “Buy” and a consensus price target of $116.25.

LyondellBasell 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.

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Institutional Ownership by Quarter for LyondellBasell (NYSE:LYB)

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