LyondellBasell Industries NV (LYB) Holdings Increased by GWM Advisors LLC

GWM Advisors LLC boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 9.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,630 shares of the specialty chemicals company’s stock after acquiring an additional 579 shares during the period. GWM Advisors LLC’s holdings in LyondellBasell Industries were worth $680,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in LYB. Hudock Capital Group LLC lifted its holdings in shares of LyondellBasell Industries by 151.6% during the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after acquiring an additional 552 shares in the last quarter. Sun Life Financial INC lifted its holdings in shares of LyondellBasell Industries by 843.4% during the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 894 shares in the last quarter. Atlas Capital Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 192.2% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after acquiring an additional 661 shares in the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of LyondellBasell Industries by 1,670.4% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock valued at $135,000 after acquiring an additional 1,186 shares in the last quarter. Finally, Reilly Financial Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 504.6% during the 3rd quarter. Reilly Financial Advisors LLC now owns 1,318 shares of the specialty chemicals company’s stock valued at $135,000 after acquiring an additional 1,100 shares in the last quarter. 72.66% of the stock is owned by hedge funds and other institutional investors.

Shares of LYB stock opened at $93.10 on Friday. LyondellBasell Industries NV has a 12 month low of $85.60 and a 12 month high of $121.95. The company has a current ratio of 1.82, a quick ratio of 1.51 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $34.25 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 0.80 and a beta of 1.23.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.28. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The firm had revenue of $10.16 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the previous year, the business posted $2.67 EPS. The firm’s revenue was up 19.2% compared to the same quarter last year. Sell-side analysts forecast that LyondellBasell Industries NV will post 11.84 EPS for the current fiscal year.

LYB has been the topic of several recent research reports. Alembic Global Advisors set a $145.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a report on Tuesday. Citigroup lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and reduced their target price for the company from $125.00 to $109.00 in a report on Monday, September 17th. Nomura reduced their target price on shares of LyondellBasell Industries from $113.00 to $102.00 and set a “neutral” rating on the stock in a report on Wednesday. BMO Capital Markets set a $101.00 target price on shares of LyondellBasell Industries and gave the company a “hold” rating in a report on Thursday. Finally, Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company’s stock. LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $117.70.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

See Also: How are institutional investors different from individual investors?

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

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