Koshinski Asset Management Inc. cut its position in LyondellBasell Industries NV (NYSE:LYB) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,230 shares of the specialty chemicals company’s stock after selling 988 shares during the period. Koshinski Asset Management Inc.’s holdings in LyondellBasell Industries were worth $475,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in LYB. Ladenburg Thalmann Financial Services Inc. increased its stake in LyondellBasell Industries by 37.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,142 shares of the specialty chemicals company’s stock valued at $1,312,000 after purchasing an additional 5,170 shares during the last quarter. Quadrant Capital Group LLC increased its stake in LyondellBasell Industries by 65.6% in the fourth quarter. Quadrant Capital Group LLC now owns 1,658 shares of the specialty chemicals company’s stock valued at $145,000 after purchasing an additional 657 shares during the period. American National Bank increased its position in LyondellBasell Industries by 27.7% in the 1st quarter. American National Bank now owns 5,856 shares of the specialty chemicals company’s stock valued at $291,000 after acquiring an additional 1,270 shares during the period. State of Alaska Department of Revenue grew its stake in shares of LyondellBasell Industries by 4.7% in the 1st quarter. State of Alaska Department of Revenue now owns 44,194 shares of the specialty chemicals company’s stock valued at $2,193,000 after purchasing an additional 1,999 shares during the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of LyondellBasell Industries by 27.4% in the first quarter. Sound Income Strategies LLC now owns 26,515 shares of the specialty chemicals company’s stock valued at $1,316,000 after purchasing an additional 5,710 shares during the period. Institutional investors and hedge funds own 65.75% of the company’s stock.
A number of equities analysts recently weighed in on the stock. Barclays reiterated a “buy” rating on shares of LyondellBasell Industries in a research report on Friday, April 17th. Bank of America downgraded shares of LyondellBasell Industries from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $53.00 to $57.00 in a report on Monday, May 4th. Deutsche Bank upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and boosted their price target for the stock from $60.00 to $72.00 in a research note on Tuesday, May 26th. Scotiabank downgraded shares of LyondellBasell Industries from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $78.00 to $68.00 in a research report on Monday, May 4th. Finally, Tudor Pickering cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $57.00 target price on the stock. in a research report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $70.86.
LyondellBasell Industries stock opened at $62.52 on Friday. LyondellBasell Industries NV has a fifty-two week low of $33.71 and a fifty-two week high of $98.91. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 1.99 and a beta of 1.57. The stock has a fifty day moving average of $66.56 and a two-hundred day moving average of $65.77. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.04 and a current ratio of 1.76.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.02. The firm had revenue of $5.55 billion during the quarter, compared to analysts’ expectations of $5.67 billion. LyondellBasell Industries had a return on equity of 36.24% and a net margin of 8.14%. The firm’s quarterly revenue was down 38.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.74 EPS. On average, analysts forecast that LyondellBasell Industries NV will post 4.65 EPS for the current fiscal year.
In other news, EVP Daniel M. Coombs acquired 4,400 shares of LyondellBasell Industries stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average price of $53.28 per share, with a total value of $234,432.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
Featured Article: Support Level
Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.