Benedict Financial Advisors Inc. boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 8.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,973 shares of the specialty chemicals company’s stock after purchasing an additional 816 shares during the period. Benedict Financial Advisors Inc.’s holdings in LyondellBasell Industries were worth $1,211,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Fieldpoint Private Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $109,000. TCI Wealth Advisors Inc. boosted its holdings in shares of LyondellBasell Industries by 229.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after purchasing an additional 708 shares during the last quarter. CENTRAL TRUST Co boosted its holdings in shares of LyondellBasell Industries by 149.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $134,000. Finally, Oakworth Capital Inc. boosted its holdings in shares of LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 501 shares during the last quarter. 74.21% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on LYB. Royal Bank of Canada restated a “hold” rating and set a $119.00 price objective on shares of LyondellBasell Industries in a report on Thursday, January 25th. Cowen restated a “hold” rating and set a $125.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, January 31st. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Wells Fargo & Co reiterated an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of LyondellBasell Industries in a report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $108.24.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $109.64 on Wednesday. LyondellBasell Industries NV has a 52-week low of $78.01 and a 52-week high of $121.95. The stock has a market capitalization of $43,272.29, a PE ratio of 10.73, a PEG ratio of 1.14 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The business had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the company earned $1.94 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts predict that LyondellBasell Industries NV will post 10.67 EPS for the current year.
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About LyondellBasell Industries
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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