Macquarie Group Ltd. boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,230 shares of the specialty chemicals company’s stock after buying an additional 580 shares during the period. Macquarie Group Ltd.’s holdings in LyondellBasell Industries were worth $2,098,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Preferred LLC acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $31,000. Berman Capital Advisors LLC acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $31,000. Pflug Koory LLC lifted its holdings in LyondellBasell Industries by 100.0% in the fourth quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock valued at $38,000 after acquiring an additional 200 shares during the period. Phocas Financial Corp. acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $33,000. Finally, Resources Investment Advisors Inc. acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 72.50% of the company’s stock.
Several research analysts have recently weighed in on LYB shares. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $87.00 to $113.00 in a research note on Monday. Dougherty & Co downgraded LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets reduced their price objective on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $116.94.
LyondellBasell Industries stock traded up $0.71 during midday trading on Wednesday, reaching $92.88. 10,223 shares of the stock traded hands, compared to its average volume of 2,608,222. LyondellBasell Industries NV has a 12-month low of $77.52 and a 12-month high of $119.39. The stock has a market capitalization of $34.13 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 0.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.92 and a quick ratio of 1.10.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.30). LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. The firm had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $9.22 billion. Equities research analysts anticipate that LyondellBasell Industries NV will post 10.27 earnings per share for the current year.
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LyondellBasell Industries Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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