Meiji Yasuda Asset Management Co Ltd. boosted its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.6% during the fourth quarter, Holdings Channel reports. The fund owned 11,760 shares of the company’s stock after buying an additional 180 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in LyondellBasell Industries NV were worth $1,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of LyondellBasell Industries NV by 6.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,262,230 shares of the company’s stock worth $763,715,000 after buying an additional 630,125 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of LyondellBasell Industries NV by 17.7% in the third quarter. Ameriprise Financial Inc. now owns 6,864,300 shares of the company’s stock worth $553,654,000 after buying an additional 1,034,064 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of LyondellBasell Industries NV by 4.7% in the third quarter. BlackRock Fund Advisors now owns 4,637,201 shares of the company’s stock worth $374,037,000 after buying an additional 207,922 shares during the last quarter. Northern Trust Corp raised its position in shares of LyondellBasell Industries NV by 0.3% in the third quarter. Northern Trust Corp now owns 4,636,904 shares of the company’s stock worth $374,013,000 after buying an additional 14,318 shares during the last quarter. Finally, American International Group Inc. raised its position in shares of LyondellBasell Industries NV by 5.0% in the third quarter. American International Group Inc. now owns 4,283,783 shares of the company’s stock worth $345,530,000 after buying an additional 203,763 shares during the last quarter. 69.75% of the stock is owned by institutional investors.

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

Shares of LyondellBasell Industries NV (NYSE:LYB) opened at 92.69 on Friday. The company has a market capitalization of $37.45 billion, a price-to-earnings ratio of 10.16 and a beta of 1.04. The stock has a 50 day moving average price of $91.33 and a 200 day moving average price of $83.63. LyondellBasell Industries NV has a 1-year low of $69.82 and a 1-year high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings results on Friday, February 3rd. The company reported $1.94 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.19 by $0.25. LyondellBasell Industries NV had a net margin of 13.15% and a return on equity of 63.76%. The business earned $7.75 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the prior year, the firm earned $2.20 EPS. LyondellBasell Industries NV’s revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities analysts anticipate that LyondellBasell Industries NV will post $9.98 EPS for the current fiscal year.

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A number of equities analysts recently commented on LYB shares. Cowen and Company reissued a “market perform” rating and set a $90.00 price target (up from $87.00) on shares of LyondellBasell Industries NV in a research note on Thursday, December 29th. RBC Capital Markets reissued a “sector perform” rating and set a $95.00 price target (up from $92.00) on shares of LyondellBasell Industries NV in a research note on Monday, February 6th. Royal Bank Of Canada increased their price target on LyondellBasell Industries NV from $92.00 to $95.00 and gave the company a “sector perform” rating in a research note on Monday, February 6th. Zacks Investment Research lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research note on Monday, October 24th. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $100.00 price target on shares of LyondellBasell Industries NV in a research note on Friday, February 10th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $93.06.

In related news, major shareholder Ai New Holdings 2 Llc sold 3,032,095 shares of LyondellBasell Industries NV stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $92.27, for a total value of $279,771,405.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

5 Day Chart for NYSE:LYB

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