CIBC Asset Management Inc cut its holdings in LyondellBasell Industries NV (NYSE:LYB) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,031 shares of the specialty chemicals company’s stock after selling 1,049 shares during the quarter. CIBC Asset Management Inc’s holdings in LyondellBasell Industries were worth $2,210,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in LyondellBasell Industries by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after acquiring an additional 1,069,625 shares during the period. Bank of New York Mellon Corp lifted its stake in LyondellBasell Industries by 38.1% in the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock worth $416,972,000 after acquiring an additional 1,160,471 shares during the period. LSV Asset Management lifted its stake in LyondellBasell Industries by 7.3% in the fourth quarter. LSV Asset Management now owns 3,367,384 shares of the specialty chemicals company’s stock worth $371,489,000 after acquiring an additional 229,450 shares during the period. APG Asset Management N.V. raised its holdings in LyondellBasell Industries by 6.6% in the fourth quarter. APG Asset Management N.V. now owns 2,543,033 shares of the specialty chemicals company’s stock worth $233,634,000 after purchasing an additional 157,400 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its holdings in LyondellBasell Industries by 16.9% in the third quarter. Thornburg Investment Management Inc. now owns 2,078,587 shares of the specialty chemicals company’s stock worth $205,884,000 after purchasing an additional 300,000 shares in the last quarter. 74.28% of the stock is owned by institutional investors.

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 current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The stock has a market cap of $42,200.00, a PE ratio of 8.71, a PEG ratio of 1.15 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. sell-side analysts forecast that LyondellBasell Industries NV will post 10.62 EPS for the current year.

LYB has been the subject of a number of recent research reports. ValuEngine upgraded shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada boosted their target price on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Citigroup boosted their target price on shares of LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday. Cowen boosted their target price on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, October 16th. Finally, UBS Group boosted their target price on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $107.84.

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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.

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

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