First Midwest Bank Trust Division raised its position in LyondellBasell Industries NV (NYSE:LYB) by 20.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,506 shares of the specialty chemicals company’s stock after purchasing an additional 2,430 shares during the quarter. First Midwest Bank Trust Division’s holdings in LyondellBasell Industries were worth $1,219,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. First Command Bank boosted its stake in LyondellBasell Industries by 64.4% in the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 125 shares during the period. Advisors Preferred LLC acquired a new position in LyondellBasell Industries in the 4th quarter worth approximately $31,000. Berman Capital Advisors LLC acquired a new position in LyondellBasell Industries in the 4th quarter worth approximately $31,000. Phocas Financial Corp. acquired a new position in LyondellBasell Industries in the 4th quarter worth approximately $33,000. Finally, Truvestments Capital LLC acquired a new position in LyondellBasell Industries in the 1st quarter worth approximately $33,000. Institutional investors own 72.83% of the company’s stock.
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 lifted their target price for the company from $104.00 to $125.00 in a research note on Wednesday, March 6th. Finally, Cowen reissued a “market perform” rating and set a $100.00 target price 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 assigned a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $113.87.
Shares of LYB stock traded down $0.93 on Wednesday, hitting $80.65. The company’s stock had a trading volume of 1,656,496 shares, compared to its average volume of 2,488,367. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. LyondellBasell Industries NV has a fifty-two week low of $77.52 and a fifty-two week high of $119.39. The firm has a market cap of $29.76 billion, a PE ratio of 7.16, a PEG ratio of 0.99 and a beta of 1.11.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The business had revenue of $8.78 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same quarter in the previous year, the business earned $3.11 EPS. LyondellBasell Industries’s quarterly revenue was down 10.1% compared to the same quarter last year. As a group, analysts forecast that LyondellBasell Industries NV will post 10.35 EPS for the current fiscal year.
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LyondellBasell Industries Company 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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