West Branch Capital LLC purchased a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,043 shares of the specialty chemicals company’s stock, valued at approximately $424,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of LyondellBasell Industries by 1.7% during the 1st quarter. Janus Henderson Group PLC now owns 5,656,949 shares of the specialty chemicals company’s stock valued at $475,637,000 after purchasing an additional 93,201 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in shares of LyondellBasell Industries by 8.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 13,606 shares of the specialty chemicals company’s stock worth $1,144,000 after acquiring an additional 1,097 shares during the last quarter. Greystone Managed Investments Inc. grew its holdings in shares of LyondellBasell Industries by 22.7% in the 1st quarter. Greystone Managed Investments Inc. now owns 37,594 shares of the specialty chemicals company’s stock worth $3,161,000 after acquiring an additional 6,961 shares during the last quarter. DT Investment Partners LLC grew its holdings in shares of LyondellBasell Industries by 23.9% in the 1st quarter. DT Investment Partners LLC now owns 42,282 shares of the specialty chemicals company’s stock worth $3,555,000 after acquiring an additional 8,157 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC grew its holdings in shares of LyondellBasell Industries by 11.0% in the 1st quarter. Osborn Williams & Donohoe LLC now owns 3,280 shares of the specialty chemicals company’s stock worth $297,000 after acquiring an additional 325 shares during the last quarter. 68.31% of the stock is owned by hedge funds and other institutional investors.
LYB has been the subject of several recent analyst reports. reaffirmed a “buy” rating and issued a $120.00 target price on shares of LyondellBasell Industries in a research report on Tuesday, February 12th. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $87.00 to $113.00 in a research report on Monday, April 15th. 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 report on Tuesday, April 2nd. BMO Capital Markets reduced their price target on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research report on Tuesday, February 5th. Finally, Cowen reiterated 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $113.87.
NYSE LYB traded down $0.72 during trading on Friday, reaching $77.93. 3,080,300 shares of the company traded hands, compared to its average volume of 2,491,671. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $30.21 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.01 and a beta of 1.11. LyondellBasell Industries NV has a 1-year low of $77.24 and a 1-year high of $118.85.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.20 by $0.02. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. LyondellBasell Industries’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the business earned $3.11 EPS. On average, analysts predict that LyondellBasell Industries NV will post 10.35 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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