First Manhattan Co. lessened its stake in LyondellBasell Industries NV (NYSE:LYB) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 348,590 shares of the specialty chemicals company’s stock after selling 5,940 shares during the quarter. First Manhattan Co. owned about 0.09% of LyondellBasell Industries worth $38,456,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of LYB. Fieldpoint Private Securities LLC acquired a new position in LyondellBasell Industries during the third quarter valued at approximately $109,000. Oakworth Capital Inc. boosted its position in LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after purchasing an additional 501 shares during the last quarter. BDO Wealth Advisors LLC boosted its position in LyondellBasell Industries by 64.5% during the third quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 700 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in LyondellBasell Industries by 80.0% during the third quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 800 shares during the last quarter. Finally, WFG Advisors LP boosted its position in LyondellBasell Industries by 66.4% during the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after purchasing an additional 883 shares during the last quarter. 74.21% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on LYB shares. UBS Group upped their price objective on LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays increased their target price on LyondellBasell Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Finally, SunTrust Banks reiterated a “hold” rating and set a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $108.24.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded up $2.36 during mid-day trading on Wednesday, hitting $112.00. The company’s stock had a trading volume of 1,757,511 shares, compared to its average volume of 2,260,000. The firm has a market cap of $44,180.00, a P/E ratio of 9.12, a PEG ratio of 1.14 and a beta of 1.05. LyondellBasell Industries NV has a 52-week low of $78.01 and a 52-week high of $121.95. 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 released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the business posted $1.94 EPS. LyondellBasell Industries’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts expect that LyondellBasell Industries NV will post 10.67 EPS for the current fiscal year.
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LyondellBasell Industries Company 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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