LyondellBasell Industries NV (LYB) Position Trimmed by Atria Investments LLC
Atria Investments LLC reduced its position in LyondellBasell Industries NV (NYSE:LYB) by 10.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,705 shares of the specialty chemicals company’s stock after selling 3,331 shares during the period. Atria Investments LLC’s holdings in LyondellBasell Industries were worth $3,167,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LYB. Fiera Capital Corp grew its position in LyondellBasell Industries by 2.5% in the 2nd quarter. Fiera Capital Corp now owns 3,827 shares of the specialty chemicals company’s stock worth $323,000 after purchasing an additional 94 shares during the period. BlueMountain Capital Management LLC grew its position in LyondellBasell Industries by 69.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 17,145 shares of the specialty chemicals company’s stock worth $1,447,000 after purchasing an additional 7,029 shares during the period. Thrivent Financial For Lutherans grew its position in LyondellBasell Industries by 3.2% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,541 shares of the specialty chemicals company’s stock worth $1,058,000 after purchasing an additional 391 shares during the period. Rafferty Asset Management LLC grew its position in LyondellBasell Industries by 19.7% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,880 shares of the specialty chemicals company’s stock worth $496,000 after purchasing an additional 967 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $1,055,000. Institutional investors own 74.09% of the company’s stock.
A number of equities research analysts have commented on the stock. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Tuesday, January 9th. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Monday, December 18th. Finally, Barclays boosted their price objective on shares of LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $103.74.
Shares of LyondellBasell Industries NV (LYB) opened at $116.88 on Thursday. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $118.13. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. The stock has a market cap of $46,100.00, a price-to-earnings ratio of 12.46, a PEG ratio of 1.39 and a beta of 1.08.
LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 12.42% and a return on equity of 59.80%. sell-side analysts forecast that LyondellBasell Industries NV will post 9.96 earnings per share for the current year.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.09% of the company’s stock.
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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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