Trilogy Capital Inc. bought a new stake in shares of LyondellBasell Industries NV (NYSE:LYB) in the fourth quarter, HoldingsChannel.com reports. The fund bought 8,654 shares of the specialty chemicals company’s stock, valued at approximately $955,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCI Wealth Advisors Inc. increased its stake in shares of LyondellBasell Industries by 229.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after purchasing an additional 708 shares in the last quarter. Fieldpoint Private Securities LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $109,000. CENTRAL TRUST Co grew its holdings in shares of LyondellBasell Industries by 149.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $134,000. Finally, Oakworth Capital Inc. grew its holdings in shares of LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 501 shares during the last quarter. 74.28% of the stock is owned by institutional investors and hedge funds.

Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $106.99 on Friday. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $121.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. The stock has a market cap of $42,203.27, a P/E ratio of 10.47, a P/E/G ratio of 1.12 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. analysts expect that LyondellBasell Industries NV will post 10.67 EPS for the current fiscal year.

A number of research firms have recently commented on LYB. Citigroup increased their price target on shares of LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Morgan Stanley set a $130.00 price target on shares of LyondellBasell Industries and gave the company a “buy” rating in a report on Monday, February 5th. SunTrust Banks reiterated a “hold” rating and set a $105.00 price target on shares of LyondellBasell Industries in a report on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target on the stock in a report on Monday, February 5th. Finally, Barclays increased their price target on shares of LyondellBasell Industries from $115.00 to $125.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.28.

ILLEGAL ACTIVITY WARNING: This article was first published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://theolympiareport.com/2018/02/11/8654-shares-in-lyondellbasell-industries-nv-lyb-purchased-by-trilogy-capital-inc.html.

About LyondellBasell Industries

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.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.