Rothschild Investment Corp IL raised its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 7.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,832 shares of the specialty chemicals company’s stock after buying an additional 1,444 shares during the period. Rothschild Investment Corp IL’s holdings in LyondellBasell Industries NV were worth $1,674,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. FMR LLC boosted its stake in shares of LyondellBasell Industries NV by 20.7% in the first quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock worth $2,656,249,000 after buying an additional 4,990,465 shares during the last quarter. Vanguard Group Inc. boosted its stake in LyondellBasell Industries NV by 2.5% in the first quarter. Vanguard Group Inc. now owns 24,056,326 shares of the specialty chemicals company’s stock valued at $2,193,697,000 after buying an additional 587,985 shares in the last quarter. BlackRock Inc. boosted its stake in LyondellBasell Industries NV by 2,032.9% in the first quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock valued at $1,829,488,000 after buying an additional 19,121,769 shares in the last quarter. State Street Corp boosted its stake in LyondellBasell Industries NV by 0.6% in the first quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after buying an additional 88,954 shares in the last quarter. Finally, American International Group Inc. boosted its stake in LyondellBasell Industries NV by 1.6% in the first quarter. American International Group Inc. now owns 5,486,417 shares of the specialty chemicals company’s stock valued at $500,306,000 after buying an additional 86,029 shares in the last quarter. Institutional investors own 72.81% of the company’s stock.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded down 0.17% during trading on Friday, hitting $86.87. 2,152,177 shares of the stock were exchanged. LyondellBasell Industries NV has a 52-week low of $71.55 and a 52-week high of $97.64. The firm has a 50 day moving average of $82.53 and a 200-day moving average of $86.94. The stock has a market cap of $34.99 billion, a PE ratio of 9.94 and a beta of 1.05.
LyondellBasell Industries NV (NYSE:LYB) last released its earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 EPS for the quarter, missing the consensus estimate of $2.36 by $0.36. LyondellBasell Industries NV had a return on equity of 60.80% and a net margin of 11.67%. The company had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same period last year, the firm posted $2.48 EPS. LyondellBasell Industries NV’s quarterly revenue was up 25.0% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries NV will post $9.72 earnings per share for the current fiscal year.
LyondellBasell Industries NV announced that its board has initiated a share buyback plan on Wednesday, May 24th that allows the company to buyback 1,000% of outstanding shares. This buyback authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
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LYB has been the topic of several recent analyst reports. Vertical Research upgraded shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, May 9th. HSBC Holdings plc initiated coverage on shares of LyondellBasell Industries NV in a research note on Monday, June 26th. They issued a “buy” rating and a $101.00 target price on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $92.00 target price on shares of LyondellBasell Industries NV in a research note on Friday, July 14th. BidaskClub upgraded shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $88.00 target price on shares of LyondellBasell Industries NV in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $92.63.
LyondellBasell Industries NV 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.
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