Citizens Financial Group Inc. RI Has $575,000 Stock Holdings in LyondellBasell Industries N.V. $LYB

Citizens Financial Group Inc. RI grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 110.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,945 shares of the specialty chemicals company’s stock after purchasing an additional 5,229 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in LyondellBasell Industries were worth $575,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning grew its stake in shares of LyondellBasell Industries by 75.0% in the second quarter. Creative Planning now owns 64,094 shares of the specialty chemicals company’s stock valued at $3,708,000 after buying an additional 27,475 shares in the last quarter. Opinicus Capital Inc. lifted its stake in LyondellBasell Industries by 19.6% in the second quarter. Opinicus Capital Inc. now owns 5,561 shares of the specialty chemicals company’s stock valued at $322,000 after acquiring an additional 911 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of LyondellBasell Industries by 6.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 63,060 shares of the specialty chemicals company’s stock valued at $3,649,000 after acquiring an additional 3,784 shares during the period. Ignite Planners LLC increased its stake in shares of LyondellBasell Industries by 22.6% during the 2nd quarter. Ignite Planners LLC now owns 15,935 shares of the specialty chemicals company’s stock worth $1,007,000 after purchasing an additional 2,935 shares during the last quarter. Finally, Intrua Financial LLC raised its holdings in shares of LyondellBasell Industries by 16.9% in the 2nd quarter. Intrua Financial LLC now owns 6,944 shares of the specialty chemicals company’s stock valued at $402,000 after purchasing an additional 1,005 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the subject of a number of research analyst reports. UBS Group reduced their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Evercore ISI reduced their target price on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Finally, Royal Bank Of Canada decreased their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $56.56.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $43.78 on Wednesday. The company has a market capitalization of $14.09 billion, a price-to-earnings ratio of 56.86 and a beta of 0.87. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $85.25. The stock’s 50 day moving average is $47.79 and its 200-day moving average is $54.34.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the company posted $1.88 EPS. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.