Cleararc Capital Inc. raised its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 96.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 41,256 shares of the company’s stock after buying an additional 20,270 shares during the period. Cleararc Capital Inc.’s holdings in LyondellBasell Industries NV were worth $3,539,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Kornitzer Capital Management Inc. KS acquired a new position in LyondellBasell Industries NV during the second quarter worth approximately $257,000. BB&T Corp boosted its position in LyondellBasell Industries NV by 136.5% in the second quarter. BB&T Corp now owns 55,828 shares of the company’s stock worth $4,154,000 after buying an additional 32,225 shares during the period. Boston Private Wealth LLC boosted its position in LyondellBasell Industries NV by 17.4% in the second quarter. Boston Private Wealth LLC now owns 11,481 shares of the company’s stock worth $854,000 after buying an additional 1,699 shares during the period. RiverPark Advisors LLC boosted its position in LyondellBasell Industries NV by 8.7% in the second quarter. RiverPark Advisors LLC now owns 26,200 shares of the company’s stock worth $1,950,000 after buying an additional 2,100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in LyondellBasell Industries NV by 17.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 303,192 shares of the company’s stock worth $22,564,000 after buying an additional 44,170 shares during the period. Hedge funds and other institutional investors own 69.75% of the company’s stock.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at 92.69 on Friday. The stock has a market cap of $37.45 billion, a price-to-earnings ratio of 10.16 and a beta of 1.04. The stock’s 50 day moving average price is $91.33 and its 200-day moving average price is $83.63. LyondellBasell Industries NV has a 52-week low of $69.82 and a 52-week high of $97.64.
LyondellBasell Industries NV (NYSE:LYB) last released its earnings results on Friday, February 3rd. The company reported $1.94 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.19 by $0.25. The firm earned $7.75 billion during the quarter, compared to analysts’ expectations of $7.32 billion. LyondellBasell Industries NV had a return on equity of 63.76% and a net margin of 13.15%. The firm’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.20 earnings per share. On average, analysts predict that LyondellBasell Industries NV will post $9.98 earnings per share for the current fiscal year.
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A number of research firms have commented on LYB. Zacks Investment Research upgraded LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, January 17th. Royal Bank Of Canada upped their price target on LyondellBasell Industries NV from $92.00 to $95.00 and gave the stock a “sector perform” rating in a research note on Monday, February 6th. Susquehanna Bancshares Inc restated a “neutral” rating and set a $100.00 price target on shares of LyondellBasell Industries NV in a research note on Friday, February 10th. Instinet upped their price target on LyondellBasell Industries NV from $82.00 to $91.00 and gave the stock a “neutral” rating in a research note on Monday, February 6th. Finally, Evercore ISI began coverage on LyondellBasell Industries NV in a research note on Monday. They set a “buy” rating and a $109.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $93.06.
In other LyondellBasell Industries NV news, major shareholder Ai New Holdings 2 Llc sold 1,167,905 shares of LyondellBasell Industries NV stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $92.30, for a total value of $107,797,631.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.
LyondellBasell Industries NV Company Profile
LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
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