Meadow Creek Investment Management LLC lifted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 5.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 99,260 shares of the specialty chemicals company’s stock after buying an additional 4,956 shares during the period. Meadow Creek Investment Management LLC’s holdings in LyondellBasell Industries were worth $10,951,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $109,000. TCI Wealth Advisors Inc. increased its position in LyondellBasell Industries by 229.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 708 shares during the period. CENTRAL TRUST Co increased its position in LyondellBasell Industries by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 685 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in LyondellBasell Industries in the 4th quarter valued at approximately $134,000. Finally, Oakworth Capital Inc. increased its position in LyondellBasell Industries by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares during the period. Institutional investors and hedge funds own 75.15% of the company’s stock.

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LyondellBasell Industries NV (NYSE:LYB) opened at $110.34 on Wednesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. The stock has a market capitalization of $43,850.98, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. LyondellBasell Industries NV has a one year low of $78.01 and a one year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.18. The firm had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company posted $1.94 EPS. equities research analysts predict that LyondellBasell Industries NV will post 10.75 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were paid a dividend of $1.00 per share. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 32.65%.

Several research firms recently commented on LYB. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Monday, February 5th. Royal Bank of Canada restated a “hold” rating and issued a $119.00 target price on shares of LyondellBasell Industries in a research report on Thursday, January 25th. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Morgan Stanley set a $130.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, February 5th. Finally, SunTrust Banks restated a “hold” rating and issued a $105.00 target price on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $108.24.

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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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