Keybank National Association OH decreased its position in LyondellBasell Industries NV (NYSE:LYB) by 1.0% in the 1st quarter, HoldingsChannel reports. The fund owned 115,110 shares of the specialty chemicals company’s stock after selling 1,142 shares during the period. Keybank National Association OH’s holdings in LyondellBasell Industries were worth $9,678,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of LYB. First Command Bank lifted its holdings in shares of LyondellBasell Industries by 64.4% in the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 125 shares during the last quarter. Destination Wealth Management bought a new stake in LyondellBasell Industries during the 1st quarter valued at $28,000. Berman Capital Advisors LLC bought a new stake in LyondellBasell Industries during the 4th quarter valued at $31,000. Phocas Financial Corp. bought a new stake in LyondellBasell Industries during the 4th quarter valued at $33,000. Finally, Truvestments Capital LLC bought a new stake in LyondellBasell Industries during the 1st quarter valued at $33,000. Institutional investors own 68.31% of the company’s stock.

LYB opened at $80.65 on Thursday. LyondellBasell Industries NV has a one year low of $77.52 and a one year high of $119.39. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 1.47. The firm has a market capitalization of $30.21 billion, a PE ratio of 7.16, a PEG ratio of 1.01 and a beta of 1.11.

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, topping the Zacks’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter in the previous year, the business earned $3.11 EPS. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries NV will post 10.35 EPS for the current year.

Several analysts have weighed in on LYB shares. Goldman Sachs Group raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $104.00 to $125.00 in a research note on Wednesday, March 6th. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $87.00 to $113.00 in a research note on Monday, April 15th. Cowen reaffirmed a “market perform” rating and set a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, February 6th. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 target price on the stock in a research note on Tuesday, April 2nd. Finally, reaffirmed a “buy” rating and set a $120.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $113.87.

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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.

Further Reading: What is the market perform rating?

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

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