Texas Permanent School Fund lessened its stake in LyondellBasell Industries NV (NYSE:LYB) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,302 shares of the specialty chemicals company’s stock after selling 1,643 shares during the quarter. Texas Permanent School Fund’s holdings in LyondellBasell Industries were worth $9,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth about $109,000. CENTRAL TRUST Co raised its position in shares of LyondellBasell Industries by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 685 shares during the last quarter. Oakworth Capital Inc. raised its position in shares of LyondellBasell Industries by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 501 shares during the last quarter. BDO Wealth Advisors LLC raised its position in shares of LyondellBasell Industries by 64.5% in the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $177,000 after purchasing an additional 700 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of LyondellBasell Industries by 80.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 800 shares during the last quarter. 74.02% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on LYB. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. 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 research report on Tuesday, January 9th. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, December 18th. Finally, Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $103.74.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $118.94 on Thursday. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $120.43. The company has a market capitalization of $46,920.00, a PE ratio of 12.68, a P/E/G ratio of 1.38 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing the consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a return on equity of 58.13% and a net margin of 11.32%. The business had revenue of $8.52 billion during the quarter, compared to the consensus estimate of $8.09 billion. analysts predict that LyondellBasell Industries NV will post 9.99 earnings per share for the current fiscal year.

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LyondellBasell Industries 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 Industries (NYSE:LYB)

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