Bourgeon Capital Management LLC purchased a new stake in LyondellBasell Industries NV (NYSE:LYB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,250 shares of the specialty chemicals company’s stock, valued at approximately $357,000.
Several other large investors have also recently made changes to their positions in LYB. First Command Bank grew its position in LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 125 shares during the last quarter. Advisors Preferred LLC acquired a new position in LyondellBasell Industries in the fourth quarter worth approximately $31,000. Berman Capital Advisors LLC acquired a new position in LyondellBasell Industries in the fourth quarter worth approximately $31,000. Phocas Financial Corp. acquired a new position in LyondellBasell Industries in the fourth quarter worth approximately $33,000. Finally, Truvestments Capital LLC acquired a new position in LyondellBasell Industries in the first quarter worth approximately $33,000. Institutional investors own 72.83% of the company’s stock.
Shares of NYSE:LYB traded down $0.93 during trading on Wednesday, reaching $80.65. 1,656,496 shares of the company traded hands, compared to its average volume of 2,488,367. The firm has a market capitalization of $29.76 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 0.99 and a beta of 1.11. LyondellBasell Industries NV has a 1-year low of $77.52 and a 1-year high of $119.39. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.
LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same quarter last year, the business posted $3.11 EPS. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries NV will post 10.35 earnings per share for the current fiscal year.
A number of research firms recently commented on LYB. Zacks Investment Research raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Dougherty & Co lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Goldman Sachs Group raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $104.00 to $125.00 in a research note on Wednesday, March 6th. Finally, Cowen reaffirmed a “market perform” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research note on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $113.87.
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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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