Martingale Asset Management L P increased its position in LyondellBasell Industries NV (NYSE:LYB) by 20.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,051 shares of the specialty chemicals company’s stock after purchasing an additional 67,305 shares during the quarter. Martingale Asset Management L P owned approximately 0.10% of LyondellBasell Industries worth $42,921,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Fieldpoint Private Securities LLC acquired a new stake in LyondellBasell Industries in the third quarter worth about $109,000. TCI Wealth Advisors Inc. increased its position in LyondellBasell Industries by 229.9% in 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 period. CENTRAL TRUST Co increased its position in LyondellBasell Industries by 149.2% in 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 period. SeaCrest Wealth Management LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth about $134,000. Finally, Oakworth Capital Inc. grew its position in shares of LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 501 shares during the period. Hedge funds and other institutional investors own 73.21% of the company’s stock.
LyondellBasell Industries NV (LYB) opened at $109.09 on Thursday. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $121.95. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $42,834.44, a PE ratio of 10.63, a PEG 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 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 business had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the previous 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 forecast that LyondellBasell Industries NV will post 10.75 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Morgan Stanley set a $130.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Citigroup boosted their target price on LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. SunTrust Banks restated a “hold” rating and set a $105.00 target price on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Monday, February 5th. Finally, Barclays boosted their target price on LyondellBasell Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $108.24.
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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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