Bristlecone Advisors LLC Has $1.23 Million Holdings in LyondellBasell Industries NV (LYB)

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Bristlecone Advisors LLC raised its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 6.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,674 shares of the specialty chemicals company’s stock after acquiring an additional 950 shares during the quarter. Bristlecone Advisors LLC’s holdings in LyondellBasell Industries were worth $1,234,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cerity Partners LLC lifted its holdings in shares of LyondellBasell Industries by 4.7% during the fourth 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 during the period. Bell & Brown Wealth Advisors LLC raised its holdings in shares of LyondellBasell Industries by 2.4% in the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 5,250 shares of the specialty chemicals company’s stock valued at $437,000 after buying an additional 125 shares during the last quarter. First Command Bank raised its holdings in shares of LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of LyondellBasell Industries by 2.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,116 shares of the specialty chemicals company’s stock valued at $430,000 after buying an additional 134 shares during the last quarter. Finally, Unison Advisors LLC raised its holdings in shares of LyondellBasell Industries by 1.1% in the first quarter. Unison Advisors LLC now owns 11,926 shares of the specialty chemicals company’s stock valued at $1,003,000 after buying an additional 135 shares during the last quarter. 72.50% of the stock is owned by institutional investors.

LYB stock traded up $0.02 during midday trading on Tuesday, reaching $92.01. The stock had a trading volume of 1,849,227 shares, compared to its average volume of 2,549,342. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The firm has a market cap of $34.08 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.95 and a beta of 1.10. LyondellBasell Industries NV has a twelve month low of $77.52 and a twelve month high of $119.39.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 1st. The specialty chemicals company reported $1.83 EPS for the quarter, missing the Zacks’ consensus estimate of $2.13 by ($0.30). The firm had revenue of $8.88 billion during the quarter, compared to analyst estimates of $9.22 billion. LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. Sell-side analysts predict that LyondellBasell Industries NV will post 10.17 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on LYB shares. Goldman Sachs Group raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $104.00 to $125.00 in a report on Wednesday, March 6th. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $87.00 to $113.00 in a report on Monday, April 15th. Cowen reaffirmed a “market perform” rating and issued a $100.00 price target on shares of LyondellBasell Industries in a report on Wednesday, February 6th. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, April 2nd. Finally, reaffirmed a “buy” rating and issued a $120.00 price target on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Two equities 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 stock. The company has an average rating of “Buy” and a consensus target price of $116.94.

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LyondellBasell Industries Company 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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