Reilly Financial Advisors LLC boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 504.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,318 shares of the specialty chemicals company’s stock after purchasing an additional 1,100 shares during the period. Reilly Financial Advisors LLC’s holdings in LyondellBasell Industries were worth $135,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LYB. First Republic Investment Management Inc. lifted its stake in LyondellBasell Industries by 101.2% in the second quarter. First Republic Investment Management Inc. now owns 677,904 shares of the specialty chemicals company’s stock valued at $74,467,000 after purchasing an additional 55,533,112 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in LyondellBasell Industries by 102.5% in the second quarter. Assenagon Asset Management S.A. now owns 1,435,668 shares of the specialty chemicals company’s stock valued at $157,708,000 after purchasing an additional 726,524 shares during the last quarter. Morgan Stanley lifted its stake in LyondellBasell Industries by 9.9% in the second quarter. Morgan Stanley now owns 4,606,962 shares of the specialty chemicals company’s stock valued at $506,075,000 after purchasing an additional 413,346 shares during the last quarter. American Century Companies Inc. lifted its stake in LyondellBasell Industries by 28.0% in the second quarter. American Century Companies Inc. now owns 1,418,048 shares of the specialty chemicals company’s stock valued at $155,773,000 after purchasing an additional 310,552 shares during the last quarter. Finally, Columbus Hill Capital Management L.P. purchased a new position in LyondellBasell Industries in the second quarter valued at approximately $28,231,000. Institutional investors and hedge funds own 72.66% of the company’s stock.

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

NYSE:LYB opened at $93.59 on Friday. The firm has a market cap of $36.44 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.84 and a beta of 1.14. LyondellBasell Industries NV has a 1 year low of $92.88 and a 1 year high of $121.95. 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 released its quarterly earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.44. The firm had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. On average, analysts predict that LyondellBasell Industries NV will post 11.71 earnings per share for the current fiscal year.

LyondellBasell Industries 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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