WBI Investments LLC Purchases 7,745 Shares of LyondellBasell Industries N.V. $LYB

WBI Investments LLC lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 20.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,737 shares of the specialty chemicals company’s stock after purchasing an additional 7,745 shares during the period. LyondellBasell Industries comprises approximately 0.7% of WBI Investments LLC’s holdings, making the stock its 25th biggest position. WBI Investments LLC’s holdings in LyondellBasell Industries were worth $2,588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Crews Bank & Trust raised its position in LyondellBasell Industries by 16.4% in the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 175 shares during the period. New York Life Investment Management LLC raised its holdings in LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after purchasing an additional 193 shares during the period. Central Pacific Bank Trust Division grew its holdings in LyondellBasell Industries by 4.3% during the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System increased its position in LyondellBasell Industries by 0.3% in the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock worth $4,523,000 after buying an additional 200 shares in the last quarter. Finally, TCW Group Inc. lifted its position in shares of LyondellBasell Industries by 1.1% during the 1st quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock valued at $1,297,000 after buying an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock opened at $43.61 on Tuesday. The company has a market capitalization of $14.04 billion, a PE ratio of 56.63 and a beta of 0.87. The company’s fifty day moving average price is $48.00 and its 200-day moving average price is $54.44. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $85.25. 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 announced its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the previous year, the firm posted $1.88 EPS. LyondellBasell Industries’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

Insider Activity at LyondellBasell Industries

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

Wall Street Analyst Weigh In

LYB has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. Mizuho set a $52.00 price target on shares of LyondellBasell Industries in a research report on Monday, November 3rd. Wall Street Zen upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their target price on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. One research 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $56.56.

LyondellBasell Industries Company 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.