LyondellBasell Industries N.V. $LYB Shares Bought by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc grew its position in LyondellBasell Industries N.V. (NYSE:LYB) by 7.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,436,315 shares of the specialty chemicals company’s stock after buying an additional 163,711 shares during the quarter. Ensign Peak Advisors Inc’s holdings in LyondellBasell Industries were worth $140,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV lifted its stake in shares of LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 261 shares in the last quarter. MTM Investment Management LLC purchased a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at approximately $26,000. Hilltop National Bank purchased a new stake in LyondellBasell Industries in the 2nd quarter valued at about $29,000. EMC Capital Management purchased a new position in LyondellBasell Industries during the second quarter worth about $29,000. Finally, Brown Lisle Cummings Inc. lifted its stake in LyondellBasell Industries by 55.2% during the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 213 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 2.1%

LYB opened at $42.82 on Thursday. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $85.25. The company has a market cap of $13.78 billion, a price-to-earnings ratio of 55.61 and a beta of 0.87. The business’s fifty day moving average is $47.55 and its two-hundred day moving average is $54.26. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 EPS. Analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research report on Monday, October 6th. Mizuho set a $52.00 price objective on shares of LyondellBasell Industries in a report on Monday, November 3rd. Citigroup decreased their target price on LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating for the company in a research note on Wednesday. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. Finally, Wall Street Zen raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $56.19.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kimberly A. Foley purchased 5,661 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $43.56 per share, with a total value of $246,593.16. Following the purchase, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

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.