LyondellBasell Industries NV (LYB) Shares Bought by Raymond James Trust N.A.

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Raymond James Trust N.A. boosted its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,343 shares of the specialty chemicals company’s stock after purchasing an additional 919 shares during the period. Raymond James Trust N.A.’s holdings in LyondellBasell Industries were worth $1,879,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cerity Partners LLC boosted its position in LyondellBasell Industries by 4.7% during the 4th quarter. Cerity Partners LLC now owns 2,662 shares of the specialty chemicals company’s stock valued at $221,000 after acquiring an additional 120 shares in the last quarter. Bell & Brown Wealth Advisors LLC boosted its position in shares of LyondellBasell Industries by 2.4% in the 4th quarter. Bell & Brown Wealth Advisors LLC now owns 5,250 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 125 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its position in shares of LyondellBasell Industries by 2.7% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 5,116 shares of the specialty chemicals company’s stock worth $430,000 after purchasing an additional 134 shares in the last quarter. Private Capital Group LLC boosted its position in shares of LyondellBasell Industries by 10.4% in the 4th quarter. Private Capital Group LLC now owns 1,513 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 143 shares in the last quarter. Finally, BDO Wealth Advisors LLC boosted its position in shares of LyondellBasell Industries by 7.4% in the 4th quarter. BDO Wealth Advisors LLC now owns 2,139 shares of the specialty chemicals company’s stock worth $178,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 72.50% of the company’s stock.

A number of brokerages have recently commented on LYB. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $87.00 to $113.00 in a research report on Monday. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target 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 boosted their price target for the stock from $104.00 to $125.00 in a research report on Wednesday, March 6th. Dougherty & Co cut LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Finally, BMO Capital Markets dropped their price target on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $116.94.

Shares of NYSE LYB opened at $92.22 on Tuesday. LyondellBasell Industries NV has a twelve month low of $77.52 and a twelve month high of $119.39. The company has a market capitalization of $34.15 billion, a P/E ratio of 8.18, a PEG ratio of 0.95 and a beta of 1.10. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.83.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.30). The company had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $9.22 billion. LyondellBasell Industries had a net margin of 12.02% and a return on equity of 42.30%. Sell-side analysts expect that LyondellBasell Industries NV will post 10.24 earnings per share for the current fiscal year.

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LyondellBasell Industries Profile

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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