Optimum Investment Advisors Sells 200 Shares of LyondellBasell Industries NV (LYB)

Optimum Investment Advisors lowered its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 6.9% during the first quarter, Holdings Channel reports. The institutional investor owned 2,710 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. Optimum Investment Advisors’ holdings in LyondellBasell Industries were worth $228,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LYB. Oregon Public Employees Retirement Fund lifted its stake in shares of 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 valued at $160,000 after purchasing an additional 13,177,190 shares during the last quarter. Norges Bank acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $259,614,000. Deutsche Bank AG lifted its stake in shares of LyondellBasell Industries by 45.4% in the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock valued at $372,096,000 after purchasing an additional 1,396,953 shares during the last quarter. Two Sigma Advisers LP lifted its stake in shares of LyondellBasell Industries by 107.3% in the 4th quarter. Two Sigma Advisers LP now owns 1,949,246 shares of the specialty chemicals company’s stock valued at $162,099,000 after purchasing an additional 1,009,000 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of LyondellBasell Industries by 1,378.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,074,945 shares of the specialty chemicals company’s stock valued at $89,393,000 after purchasing an additional 1,002,221 shares during the last quarter. 72.78% of the stock is currently owned by institutional investors.

LYB stock opened at $82.66 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $30.36 billion, a P/E ratio of 7.33, a PEG ratio of 1.02 and a beta of 1.11. LyondellBasell Industries NV has a 12-month low of $77.52 and a 12-month 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.11 EPS. On average, research analysts expect that LyondellBasell Industries NV will post 10.35 EPS for the current year.

Several brokerages have recently commented on LYB. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $87.00 to $113.00 in a research note on Monday, April 15th. Dougherty & Co lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, February 2nd. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target on the stock in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets decreased their price target on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the stock. LyondellBasell Industries currently has a consensus rating of “Buy” and a consensus target price of $115.59.

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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: No Load Funds

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

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