LyondellBasell Industries NV (LYB) Shares Bought by Tdam USA Inc.

Tdam USA Inc. lifted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 67.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 6,177 shares of the specialty chemicals company’s stock after buying an additional 2,499 shares during the period. Tdam USA Inc.’s holdings in LyondellBasell Industries were worth $519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYB. Oregon Public Employees Retirement Fund grew its holdings in LyondellBasell Industries by 7,934.2% in the fourth 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 period. Norges Bank purchased a new stake in LyondellBasell Industries in the fourth quarter worth about $259,614,000. Deutsche Bank AG grew its holdings in LyondellBasell Industries by 45.4% in the fourth quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock worth $372,096,000 after purchasing an additional 1,396,953 shares during the period. Two Sigma Advisers LP grew its holdings in LyondellBasell Industries by 107.3% in the fourth quarter. Two Sigma Advisers LP now owns 1,949,246 shares of the specialty chemicals company’s stock worth $162,099,000 after purchasing an additional 1,009,000 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its holdings in LyondellBasell Industries by 1,378.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,074,945 shares of the specialty chemicals company’s stock worth $89,393,000 after purchasing an additional 1,002,221 shares during the period. Institutional investors own 72.83% of the company’s stock.

LYB has been the topic of a number of recent research reports. Goldman Sachs Group upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $104.00 to $125.00 in a report on Wednesday, March 6th. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $87.00 to $113.00 in a report on Monday, April 15th. Cowen restated a “market perform” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, February 6th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price objective on the stock in a report on Tuesday, April 2nd. Finally, restated a “buy” rating and issued a $120.00 price objective on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. LyondellBasell Industries presently has a consensus rating of “Buy” and an average price target of $113.87.

Shares of NYSE LYB traded up $1.85 during midday trading on Tuesday, hitting $81.71. The stock had a trading volume of 66,136 shares, compared to its average volume of 2,499,083. The company has a market cap of $29.68 billion, a PE ratio of 7.25, a P/E/G ratio of 0.99 and a beta of 1.11. LyondellBasell Industries NV has a 52 week low of $77.52 and a 52 week 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.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, topping the 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 net margin of 11.24% and a return on equity of 38.05%. The business’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.11 earnings per share. On average, analysts forecast that LyondellBasell Industries NV will post 10.35 earnings per share for the current fiscal year.

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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 a Swap?

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

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