Wells Fargo & Company MN Has $260.09 Million Stake in LyondellBasell (LYB)

Wells Fargo & Company MN decreased its stake in LyondellBasell (NYSE:LYB) by 1.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,461,060 shares of the specialty chemicals company’s stock after selling 25,517 shares during the period. Wells Fargo & Company MN owned 0.62% of LyondellBasell worth $260,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TCI Wealth Advisors Inc. grew its holdings in shares of LyondellBasell by 229.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 708 shares in the last quarter. CENTRAL TRUST Co grew its holdings in shares of LyondellBasell by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of LyondellBasell in the 4th quarter valued at about $134,000. Certified Advisory Corp bought a new position in shares of LyondellBasell in the 4th quarter valued at about $157,000. Finally, Oakworth Capital Inc. grew its holdings in shares of LyondellBasell by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares in the last quarter. Institutional investors own 75.28% of the company’s stock.

Shares of LYB stock opened at $116.19 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.62 and a quick ratio of 1.70. The company has a market cap of $45.21 billion, a price-to-earnings ratio of 11.36, a P/E/G ratio of 1.16 and a beta of 1.10. LyondellBasell has a 12-month low of $113.92 and a 12-month high of $116.37.

LyondellBasell (NYSE:LYB) last issued its quarterly earnings data on Friday, April 27th. The specialty chemicals company reported $3.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.80 by $0.31. The firm had revenue of $9.77 billion during the quarter, compared to the consensus estimate of $9.43 billion. LyondellBasell had a net margin of 14.83% and a return on equity of 53.55%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $1.98 earnings per share. sell-side analysts anticipate that LyondellBasell will post 11.02 EPS for the current fiscal year.

Several brokerages have recently weighed in on LYB. Royal Bank of Canada restated a “hold” rating and issued a $119.00 price objective on shares of LyondellBasell in a report on Thursday, January 25th. Cowen restated a “hold” rating and issued a $125.00 price objective on shares of LyondellBasell in a report on Wednesday, January 31st. ValuEngine upgraded shares of LyondellBasell from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of LyondellBasell from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research note on Monday, February 5th. Finally, Barclays raised their target price on shares of LyondellBasell from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $115.62.

LyondellBasell Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Institutional Ownership by Quarter for LyondellBasell (NYSE:LYB)

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