Brown Advisory Inc. increased its stake in LyondellBasell Industries NV (NYSE:LYB) by 14.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,471 shares of the specialty chemicals company’s stock after purchasing an additional 7,947 shares during the period. Brown Advisory Inc.’s holdings in LyondellBasell Industries were worth $5,277,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LYB. Oregon Public Employees Retirement Fund raised its position in LyondellBasell Industries by 7,934.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,343,271 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 13,177,190 shares during the last quarter. Capital International Investors bought a new position in LyondellBasell Industries in the 3rd quarter worth approximately $385,453,000. Alliancebernstein L.P. raised its position in LyondellBasell Industries by 98.7% in the 3rd quarter. Alliancebernstein L.P. now owns 2,662,564 shares of the specialty chemicals company’s stock worth $272,939,000 after purchasing an additional 1,322,755 shares during the last quarter. PointState Capital LP raised its position in LyondellBasell Industries by 36.3% in the 3rd quarter. PointState Capital LP now owns 2,520,233 shares of the specialty chemicals company’s stock worth $258,349,000 after purchasing an additional 670,971 shares during the last quarter. Finally, Nordea Investment Management AB bought a new position in LyondellBasell Industries in the 3rd quarter worth approximately $48,964,000. Hedge funds and other institutional investors own 69.37% of the company’s stock.

LYB opened at $87.00 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.10. LyondellBasell Industries NV has a 52 week low of $77.52 and a 52 week high of $119.39. The firm has a market cap of $32.29 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.10.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.30). LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $9.22 billion. Equities analysts expect that LyondellBasell Industries NV will post 10.26 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date was Friday, March 1st. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is currently 35.49%.

LYB has been the subject of several research analyst reports. Goldman Sachs Group upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $104.00 to $125.00 in a research report on Wednesday, March 6th. Deutsche Bank upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $94.00 to $95.00 in a research report on Monday, December 17th. Cowen restated a “market perform” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, February 6th. restated a “buy” rating and issued a $120.00 price objective on shares of LyondellBasell Industries in a research report on Tuesday, February 12th. Finally, Royal Bank of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price objective for the company in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $117.00.

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LyondellBasell Industries 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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