Rhumbline Advisers raised its position in LyondellBasell Industries NV (NYSE:LYB) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 536,219 shares of the specialty chemicals company’s stock after acquiring an additional 8,004 shares during the period. Rhumbline Advisers’ holdings in LyondellBasell Industries were worth $59,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of LYB. Koch Industries Inc. bought a new stake in shares of LyondellBasell Industries in the second quarter valued at $231,000. Intl Fcstone Inc. bought a new stake in shares of LyondellBasell Industries in the second quarter valued at $1,059,000. Balasa Dinverno & Foltz LLC bought a new stake in shares of LyondellBasell Industries in the third quarter valued at $220,000. Robeco Institutional Asset Management B.V. raised its stake in shares of LyondellBasell Industries by 4.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 303,532 shares of the specialty chemicals company’s stock valued at $30,066,000 after purchasing an additional 11,972 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of LyondellBasell Industries by 244.8% during the 3rd quarter. State Treasurer State of Michigan now owns 374,104 shares of the specialty chemicals company’s stock valued at $37,055,000 after purchasing an additional 265,600 shares during the period. Hedge funds and other institutional investors own 74.21% of the company’s stock.
A number of research firms recently issued reports on LYB. Morgan Stanley set a $130.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a research note on Monday, February 5th. Barclays boosted their price objective on LyondellBasell Industries from $115.00 to $125.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. SunTrust Banks reiterated a “hold” rating and set a $105.00 price objective on shares of LyondellBasell Industries in a research note on Tuesday, February 6th. They noted that the move was a valuation call. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price objective on the stock in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $108.24.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. The business had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. equities analysts predict that LyondellBasell Industries NV will post 10.75 earnings per share for the current fiscal year.
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LyondellBasell Industries 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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