State of Alaska Department of Revenue lifted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 423.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,380 shares of the specialty chemicals company’s stock after acquiring an additional 27,810 shares during the quarter. State of Alaska Department of Revenue’s holdings in LyondellBasell Industries were worth $3,791,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in shares of LyondellBasell Industries by 23.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,782,909 shares of the specialty chemicals company’s stock worth $196,691,000 after acquiring an additional 334,264 shares during the last quarter. Capital Investment Advisors LLC bought a new position in shares of LyondellBasell Industries during the fourth quarter worth about $3,782,000. Creative Planning raised its position in shares of LyondellBasell Industries by 34.0% during the fourth quarter. Creative Planning now owns 3,445 shares of the specialty chemicals company’s stock worth $380,000 after acquiring an additional 875 shares during the last quarter. Central Bank & Trust Co. bought a new position in shares of LyondellBasell Industries during the fourth quarter worth about $2,398,000. Finally, Bank of Montreal Can raised its position in shares of LyondellBasell Industries by 29.2% during the fourth quarter. Bank of Montreal Can now owns 866,078 shares of the specialty chemicals company’s stock worth $95,544,000 after acquiring an additional 195,708 shares during the last quarter. Institutional investors own 74.02% of the company’s stock.

Shares of LyondellBasell Industries NV (LYB) opened at $118.94 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $119.99. The company has a market capitalization of $46,920.00, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 1.40 and a beta of 1.08.

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

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

A number of brokerages have recently issued reports on LYB. Wells Fargo & Co restated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a report on Tuesday, January 9th. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Monday, December 18th. Finally, Barclays lifted their target price on LyondellBasell Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $103.74.

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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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