Livforsakringsbolaget Skandia Omsesidigt lowered its stake in LyondellBasell Industries NV (NYSE:LYB) by 13.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,355 shares of the specialty chemicals company’s stock after selling 2,200 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in LyondellBasell Industries were worth $1,584,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of LYB. Janus Henderson Group PLC grew its stake in shares of LyondellBasell Industries by 10,925.4% in the second quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after buying an additional 5,021,985 shares in the last quarter. Capital World Investors boosted its holdings in LyondellBasell Industries by 23.0% in the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in LyondellBasell Industries by 38.1% in the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock valued at $416,972,000 after purchasing an additional 1,160,471 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in LyondellBasell Industries by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock valued at $652,840,000 after purchasing an additional 1,069,625 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its holdings in LyondellBasell Industries by 111.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,356,295 shares of the specialty chemicals company’s stock valued at $114,458,000 after purchasing an additional 715,903 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.
LyondellBasell Industries NV (LYB) opened at $119.92 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $119.99. The company has a market capitalization of $47,300.00, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 1.36 and a beta of 1.08.
LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.02). LyondellBasell Industries had a return on equity of 58.13% and a net margin of 11.32%. sell-side analysts expect that LyondellBasell Industries NV will post 9.99 earnings per share for the current year.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.09% of the company’s stock.
A number of brokerages recently commented on LYB. Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a report on Wednesday. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Tuesday, January 9th. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, December 18th. Finally, Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries has an average rating of “Hold” and an average price target of $103.74.
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LyondellBasell Industries 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.
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