American International Group Inc. Has $560.65 Million Holdings in LyondellBasell Industries NV (LYB)

American International Group Inc. trimmed its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 7.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 5,081,993 shares of the specialty chemicals company’s stock after selling 390,896 shares during the period. LyondellBasell Industries makes up 1.8% of American International Group Inc.’s investment portfolio, making the stock its 15th largest position. American International Group Inc.’s holdings in LyondellBasell Industries were worth $560,645,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Intl Fcstone Inc. bought a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $1,059,000. Balasa Dinverno & Foltz LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth about $220,000. Robeco Institutional Asset Management B.V. raised its position 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 worth $30,066,000 after buying an additional 11,972 shares in the last quarter. State Treasurer State of Michigan raised its position 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 worth $37,055,000 after buying an additional 265,600 shares in the last quarter. Finally, Foster & Motley Inc. raised its position in shares of LyondellBasell Industries by 16.8% during the 3rd quarter. Foster & Motley Inc. now owns 58,050 shares of the specialty chemicals company’s stock worth $5,750,000 after buying an additional 8,333 shares in the last quarter. 74.21% of the stock is owned by hedge funds and other institutional investors.

Shares of LyondellBasell Industries NV (NYSE LYB) opened at $108.61 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.46 and a debt-to-equity ratio of 0.96. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $121.95. The company has a market cap of $42,840.00, a P/E ratio of 8.84, a P/E/G ratio of 1.12 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the previous year, the firm earned $1.94 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. analysts predict that LyondellBasell Industries NV will post 10.75 earnings per share for the current fiscal year.

A number of analysts have commented on LYB shares. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Tuesday, January 9th. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Monday, December 18th. Morgan Stanley set a $115.00 price target on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Cowen restated a “hold” rating and set a $125.00 price target on shares of LyondellBasell Industries in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada restated a “hold” rating and set a $119.00 price target on shares of LyondellBasell Industries in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $108.24.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://stocknewstimes.com/2018/02/19/american-international-group-inc-has-560-65-million-holdings-in-lyondellbasell-industries-nv-lyb.html.

LyondellBasell Industries 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.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply