Stratos Wealth Partners LTD. Acquires 942 Shares of LyondellBasell Industries NV (LYB)

Stratos Wealth Partners LTD. grew its holdings in LyondellBasell Industries NV (NYSE:LYB) by 27.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,420 shares of the specialty chemicals company’s stock after acquiring an additional 942 shares during the period. Stratos Wealth Partners LTD.’s holdings in LyondellBasell Industries were worth $372,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sumitomo Mitsui Asset Management Company LTD boosted its holdings in LyondellBasell Industries by 62.3% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 35,521 shares of the specialty chemicals company’s stock worth $2,986,000 after buying an additional 13,638 shares in the last quarter. Raymond James & Associates boosted its holdings in LyondellBasell Industries by 17.1% during the first quarter. Raymond James & Associates now owns 612,194 shares of the specialty chemicals company’s stock worth $51,473,000 after buying an additional 89,617 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in LyondellBasell Industries by 36.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 57,715 shares of the specialty chemicals company’s stock worth $4,853,000 after buying an additional 15,571 shares in the last quarter. KG&L Capital Management LLC boosted its holdings in LyondellBasell Industries by 13.5% during the first quarter. KG&L Capital Management LLC now owns 9,283 shares of the specialty chemicals company’s stock worth $779,000 after buying an additional 1,106 shares in the last quarter. Finally, Hutchinson Capital Management CA boosted its holdings in LyondellBasell Industries by 1.7% during the first quarter. Hutchinson Capital Management CA now owns 109,030 shares of the specialty chemicals company’s stock worth $9,167,000 after buying an additional 1,852 shares in the last quarter. 68.31% of the stock is currently owned by institutional investors and hedge funds.

LYB has been the topic of a number of recent analyst reports. reissued a “buy” rating and set a $120.00 price target on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Nomura raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $87.00 to $113.00 in a report on Monday, April 15th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, April 2nd. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research report on Tuesday, February 5th. Finally, Cowen restated a “market perform” rating and set a $100.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. LyondellBasell Industries currently has an average rating of “Buy” and an average target price of $113.87.

Shares of NYSE LYB traded down $1.03 during mid-day trading on Friday, reaching $77.62. The company’s stock had a trading volume of 96,152 shares, compared to its average volume of 2,485,726. The stock has a market capitalization of $30.21 billion, a price-to-earnings ratio of 6.90, a price-to-earnings-growth ratio of 1.01 and a beta of 1.11. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. LyondellBasell Industries NV has a 1-year low of $77.52 and a 1-year high of $119.39.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $9.47 billion. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. LyondellBasell Industries’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.11 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries NV will post 10.35 EPS for the current year.

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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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