Tokio Marine Asset Management Co. Ltd. lessened its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 28.5% in the fourth quarter, HoldingsChannel reports. The firm owned 2,240 shares of the specialty chemicals company’s stock after selling 894 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in LyondellBasell Industries were worth $247,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TCI Wealth Advisors Inc. increased its stake in LyondellBasell Industries by 229.9% during the 4th 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 bought a new stake in LyondellBasell Industries during the 3rd quarter valued at $109,000. CENTRAL TRUST Co increased its stake in LyondellBasell Industries by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in LyondellBasell Industries during the 4th quarter valued at $134,000. Finally, Oakworth Capital Inc. increased its stake in LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after purchasing an additional 501 shares in the last quarter. Institutional investors and hedge funds own 74.28% of the company’s stock.

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

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

A number of analysts have commented on LYB shares. Cowen boosted their price target on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. UBS Group boosted their price target on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Barclays upped their target price on shares of LyondellBasell Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.28.

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LyondellBasell Industries Company 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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