LyondellBasell Industries NV (LYB) Stake Lessened by Numeric Investors LLC
Numeric Investors LLC reduced its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 98.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,000 shares of the specialty chemicals company’s stock after selling 534,700 shares during the period. Numeric Investors LLC’s holdings in LyondellBasell Industries NV were worth $506,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in LYB. BlackRock Inc. lifted its position in LyondellBasell Industries NV by 11.6% in the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after acquiring an additional 2,327,350 shares during the last quarter. FMR LLC lifted its position in 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 valued at $2,656,249,000 after acquiring an additional 4,990,465 shares during the last quarter. Brookstone Capital Management lifted its position in LyondellBasell Industries NV by 8.7% in the second quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock valued at $5,912,000 after acquiring an additional 5,624 shares during the last quarter. Ray Gerald L & Associates Ltd. lifted its position in LyondellBasell Industries NV by 84.9% in the second quarter. Ray Gerald L & Associates Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after acquiring an additional 2,250 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in LyondellBasell Industries NV in the second quarter valued at $13,041,000. 73.81% of the stock is owned by institutional investors and hedge funds.
LyondellBasell Industries NV (NYSE LYB) opened at 97.68 on Friday. The firm has a 50-day moving average of $95.64 and a 200-day moving average of $87.48. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 10.91 and a beta of 1.04. LyondellBasell Industries NV has a 1-year low of $76.71 and a 1-year high of $100.74.
LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.52 billion. During the same period last year, the firm posted $2.56 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts expect that LyondellBasell Industries NV will post $9.99 earnings per share for the current year.
A number of brokerages recently weighed in on LYB. UBS AG reissued a “neutral” rating and issued a $85.00 price target (down from $94.00) on shares of LyondellBasell Industries NV in a research report on Sunday, June 25th. Nomura reissued a “hold” rating and issued a $99.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Tuesday, September 26th. ValuEngine raised shares of LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 price target (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. Finally, BidaskClub raised shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries NV presently has an average rating of “Hold” and an average target price of $96.33.
In other news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.
LyondellBasell Industries NV 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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