New York State Teachers Retirement System cut its stake in LyondellBasell Industries NV (NYSE:LYB) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 506,161 shares of the specialty chemicals company’s stock after selling 6,646 shares during the period. New York State Teachers Retirement System’s holdings in LyondellBasell Industries were worth $42,558,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Federated Investors Inc. PA raised its stake in shares of LyondellBasell Industries by 69.2% in the third quarter. Federated Investors Inc. PA now owns 23,036 shares of the specialty chemicals company’s stock worth $2,362,000 after purchasing an additional 9,422 shares during the last quarter. Vanguard Group Inc raised its stake in shares of LyondellBasell Industries by 0.7% in the third quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after purchasing an additional 179,076 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of LyondellBasell Industries by 2.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 12,509 shares of the specialty chemicals company’s stock worth $1,040,000 after purchasing an additional 284 shares during the last quarter. Navellier & Associates Inc raised its stake in shares of LyondellBasell Industries by 3.3% in the fourth quarter. Navellier & Associates Inc now owns 5,104 shares of the specialty chemicals company’s stock worth $424,000 after purchasing an additional 164 shares during the last quarter. Finally, Daiwa SB Investments Ltd. raised its stake in shares of LyondellBasell Industries by 36.7% in the fourth quarter. Daiwa SB Investments Ltd. now owns 2,460 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 660 shares during the last quarter. 72.83% of the stock is owned by institutional investors.

Several research firms have recently weighed in on LYB. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Friday, April 26th. Zacks Investment Research upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. BMO Capital Markets decreased their price target on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Dougherty & Co cut LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Finally, restated a “buy” rating and issued a $120.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $115.19.

LyondellBasell Industries stock opened at $81.80 on Friday. The firm has a market cap of $29.90 billion, a P/E ratio of 7.26, a PEG ratio of 1.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83. LyondellBasell Industries NV has a one year low of $77.52 and a one year high of $119.39.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. LyondellBasell Industries’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.11 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries NV will post 10.35 earnings per share for the current year.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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

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