Moors & Cabot Inc. Acquires 1,479 Shares of LyondellBasell Industries N.V. $LYB

Moors & Cabot Inc. increased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 39.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,202 shares of the specialty chemicals company’s stock after purchasing an additional 1,479 shares during the period. Moors & Cabot Inc.’s holdings in LyondellBasell Industries were worth $301,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its position in shares of LyondellBasell Industries by 2.4% in the second quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after acquiring an additional 15,264 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC grew its stake in LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock valued at $14,456,000 after purchasing an additional 102,140 shares in the last quarter. M&T Bank Corp increased its position in shares of LyondellBasell Industries by 1.1% during the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock worth $1,405,000 after purchasing an additional 209 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of LyondellBasell Industries by 166.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company’s stock worth $16,743,000 after purchasing an additional 148,500 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of LyondellBasell Industries by 98.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,773 shares of the specialty chemicals company’s stock valued at $218,000 after buying an additional 1,873 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $42.91 on Friday. The company has a market capitalization of $13.81 billion, a price-to-earnings ratio of 55.72 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 $42.26 and a 12 month high of $86.45. The stock’s 50 day moving average is $49.32 and its 200-day moving average is $55.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping 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 analysts’ expectations of $7.41 billion. During the same period last year, the firm posted $1.88 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

Analyst Ratings Changes

LYB has been the topic of a number of recent analyst reports. Rothschild & Co Redburn lowered their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Wall Street Zen raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Royal Bank Of Canada dropped their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 5th. Finally, Zacks Research downgraded LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. One investment 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 MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $57.69.

About LyondellBasell Industries

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.