Sei Investments Co. boosted its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 23.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 177,156 shares of the specialty chemicals company’s stock after buying an additional 33,090 shares during the period. Sei Investments Co.’s holdings in LyondellBasell Industries were worth $19,543,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Segment Wealth Management LLC boosted its stake in LyondellBasell Industries by 2.6% during the fourth quarter. Segment Wealth Management LLC now owns 37,514 shares of the specialty chemicals company’s stock valued at $4,138,000 after buying an additional 959 shares during the period. Torray LLC boosted its stake in LyondellBasell Industries by 7.0% during the third quarter. Torray LLC now owns 14,320 shares of the specialty chemicals company’s stock valued at $1,418,000 after buying an additional 940 shares during the period. Guardian Capital LP bought a new stake in LyondellBasell Industries during the third quarter valued at $363,000. Wells Fargo & Company MN boosted its stake in LyondellBasell Industries by 27.4% during the third quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock valued at $173,383,000 after buying an additional 376,317 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in LyondellBasell Industries during the third quarter valued at $736,000. 73.21% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on LYB shares. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada lifted 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. Citigroup lifted their price objective on LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. UBS Group lifted 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. Finally, SunTrust Banks restated a “hold” rating and set a $105.00 price target on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $108.24.
Shares of LyondellBasell Industries NV (LYB) opened at $108.61 on Monday. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month 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. The firm has a market capitalization of $42,842.33, a PE ratio of 10.63, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 earnings per share. equities research analysts forecast that LyondellBasell Industries NV will post 10.75 EPS for the current fiscal 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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