NewSquare Capital LLC grew its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 7.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,421 shares of the specialty chemicals company’s stock after buying an additional 1,140 shares during the quarter. NewSquare Capital LLC’s holdings in LyondellBasell Industries were worth $1,683,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LYB. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of LyondellBasell Industries by 5.2% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 16,141 shares of the specialty chemicals company’s stock valued at $1,704,000 after purchasing an additional 803 shares during the last quarter. Summit Trail Advisors LLC grew its stake in shares of LyondellBasell Industries by 11,693.9% during the first quarter. Summit Trail Advisors LLC now owns 136,573 shares of the specialty chemicals company’s stock valued at $137,000 after purchasing an additional 135,415 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of LyondellBasell Industries by 0.7% during the first quarter. Principal Financial Group Inc. now owns 505,731 shares of the specialty chemicals company’s stock valued at $53,445,000 after purchasing an additional 3,539 shares during the last quarter. Amalgamated Bank grew its stake in shares of LyondellBasell Industries by 4.2% during the first quarter. Amalgamated Bank now owns 43,484 shares of the specialty chemicals company’s stock valued at $4,595,000 after purchasing an additional 1,754 shares during the last quarter. Finally, Nicola Wealth Management LTD. bought a new stake in shares of LyondellBasell Industries during the first quarter valued at approximately $1,902,000. 72.66% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently commented on LYB. ValuEngine cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. BNP Paribas began coverage on shares of LyondellBasell Industries in a research note on Tuesday, October 2nd. They set an “outperform” rating and a $129.00 price target on the stock. Cowen increased their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. cut shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $110.00 to $95.00 in a research note on Wednesday, September 19th. Finally, Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $117.46.

Shares of NYSE LYB opened at $93.59 on Friday. LyondellBasell Industries NV has a fifty-two week low of $92.88 and a fifty-two week high of $121.95. The company has a market capitalization of $36.90 billion, a P/E ratio of 8.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.14. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. The business had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.11 billion. Research analysts predict that LyondellBasell Industries NV will post 11.71 EPS for the current fiscal year.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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

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