LyondellBasell (LYB) Shares Sold by Bank Pictet & Cie Asia Ltd.

Bank Pictet & Cie Asia Ltd. lessened its position in LyondellBasell (NYSE:LYB) by 21.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,030 shares of the specialty chemicals company’s stock after selling 830 shares during the quarter. Bank Pictet & Cie Asia Ltd.’s holdings in LyondellBasell were worth $320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Penserra Capital Management LLC purchased a new position in shares of LyondellBasell in the 1st quarter valued at approximately $109,000. TCI Wealth Advisors Inc. lifted its stake in shares of LyondellBasell by 229.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after purchasing an additional 708 shares during the period. CENTRAL TRUST Co lifted its stake in shares of LyondellBasell by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 685 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of LyondellBasell in the 4th quarter valued at approximately $134,000. Finally, Certified Advisory Corp purchased a new position in shares of LyondellBasell in the 4th quarter valued at approximately $157,000. Institutional investors own 75.28% of the company’s stock.

LYB has been the subject of a number of recent research reports. Royal Bank of Canada reiterated a “hold” rating and set a $119.00 price objective on shares of LyondellBasell in a research note on Thursday, January 25th. Cowen reiterated a “hold” rating and set a $125.00 price objective on shares of LyondellBasell in a research note on Wednesday, January 31st. ValuEngine upgraded LyondellBasell from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Barclays lifted their price objective on LyondellBasell from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research upgraded LyondellBasell from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research note on Monday, February 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $115.62.

LyondellBasell opened at $116.22 on Friday, MarketBeat reports. The firm has a market capitalization of $45.55 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.17 and a beta of 1.10. LyondellBasell 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 0.88, a current ratio of 2.62 and a quick ratio of 1.70.

LyondellBasell (NYSE:LYB) last posted its earnings results on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.80 by $0.31. The business had revenue of $9.77 billion during the quarter, compared to analyst estimates of $9.43 billion. LyondellBasell had a return on equity of 53.55% and a net margin of 14.83%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. equities research analysts forecast that LyondellBasell will post 11.02 earnings per share for the current year.

LyondellBasell 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.

Institutional Ownership by Quarter for LyondellBasell (NYSE:LYB)

Receive News & Ratings for LyondellBasell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell and related companies with MarketBeat.com's FREE daily email newsletter.




Leave a Reply