Dimensional Fund Advisors LP Has $124.42 Million Position in LyondellBasell Industries NV (LYB)

Dimensional Fund Advisors LP increased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,496,178 shares of the specialty chemicals company’s stock after purchasing an additional 229,894 shares during the period. Dimensional Fund Advisors LP’s holdings in LyondellBasell Industries were worth $124,420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its holdings in LyondellBasell Industries by 10.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 124,877 shares of the specialty chemicals company’s stock worth $10,385,000 after purchasing an additional 11,374 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in LyondellBasell Industries by 1.8% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 12,982 shares of the specialty chemicals company’s stock worth $1,080,000 after purchasing an additional 232 shares in the last quarter. First Mercantile Trust Co. raised its holdings in LyondellBasell Industries by 60.8% during the fourth quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 310 shares in the last quarter. Van Hulzen Asset Management LLC raised its holdings in LyondellBasell Industries by 18.3% during the fourth quarter. Van Hulzen Asset Management LLC now owns 57,145 shares of the specialty chemicals company’s stock worth $4,752,000 after purchasing an additional 8,824 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in LyondellBasell Industries by 3.1% during the fourth quarter. Meeder Asset Management Inc. now owns 87,208 shares of the specialty chemicals company’s stock worth $7,253,000 after purchasing an additional 2,608 shares in the last quarter. 72.78% of the stock is owned by hedge funds and other institutional investors.

Shares of LyondellBasell Industries stock opened at $79.90 on Tuesday. LyondellBasell Industries NV has a 12-month low of $77.52 and a 12-month high of $119.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83. The stock has a market capitalization of $29.59 billion, a price-to-earnings ratio of 7.09, a P/E/G ratio of 1.02 and a beta of 1.11.



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, beating the Zacks’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. During the same period last year, the company posted $3.11 earnings per share. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries NV will post 10.35 earnings per share for the current year.

LYB has been the subject of several analyst reports. Zacks Investment Research cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. 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 raised shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target for the company in a report on Tuesday, April 2nd. Finally, BMO Capital Markets cut their price target on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, February 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $115.59.

TRADEMARK VIOLATION WARNING: “Dimensional Fund Advisors LP Has $124.42 Million Position in LyondellBasell Industries NV (LYB)” was originally reported by Dakota Financial News and is owned by of Dakota Financial News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://dakotafinancialnews.com/2019/05/14/dimensional-fund-advisors-lp-has-124-42-million-position-in-lyondellbasell-industries-nv-lyb.html.

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.

Featured Story: What is the strike price in options trading?

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.