Bridgewater Associates LP boosted its stake in LyondellBasell Industries NV (NYSE:LYB) by 101.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,761 shares of the specialty chemicals company’s stock after acquiring an additional 100,249 shares during the quarter. Bridgewater Associates LP owned 0.05% of LyondellBasell Industries worth $20,375,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of LYB. Sowell Financial Services LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at $780,000. Allianz Asset Management GmbH increased its stake in LyondellBasell Industries by 6.5% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,111,495 shares of the specialty chemicals company’s stock valued at $113,939,000 after buying an additional 67,568 shares during the last quarter. Annex Advisory Services LLC increased its stake in LyondellBasell Industries by 10.0% in the 3rd quarter. Annex Advisory Services LLC now owns 15,389 shares of the specialty chemicals company’s stock valued at $1,578,000 after buying an additional 1,397 shares during the last quarter. Texas Yale Capital Corp. increased its stake in LyondellBasell Industries by 6.0% in the 3rd quarter. Texas Yale Capital Corp. now owns 14,172 shares of the specialty chemicals company’s stock valued at $1,453,000 after buying an additional 800 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in LyondellBasell Industries by 36.1% in the 3rd quarter. Ancora Advisors LLC now owns 58,021 shares of the specialty chemicals company’s stock valued at $5,947,000 after buying an additional 15,376 shares during the last quarter. 72.64% of the stock is currently owned by institutional investors and hedge funds.
In related news, major shareholder Ai Investments Holdings Llc purchased 474,938 shares of the firm’s stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average price of $91.51 per share, for a total transaction of $43,461,576.38. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders purchased 4,396,236 shares of company stock worth $418,088,113. 0.09% of the stock is owned by company insiders.
Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. BNP Paribas assumed coverage on shares of LyondellBasell Industries in a research note on Tuesday, October 2nd. They set an “outperform” rating and a $129.00 price objective on the stock. Cowen boosted their price objective on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th. JPMorgan Chase & Co. lowered shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $110.00 to $95.00 in a research note on Wednesday, September 19th. Finally, Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $116.88.
Shares of LYB opened at $93.02 on Friday. LyondellBasell Industries NV has a 52 week low of $85.60 and a 52 week high of $121.95. The stock has a market capitalization of $35.30 billion, a P/E ratio of 9.09, a P/E/G ratio of 0.82 and a beta of 1.24. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business had revenue of $10.16 billion for the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the business earned $2.67 EPS. LyondellBasell Industries’s quarterly revenue was up 19.2% on a year-over-year basis. Equities analysts expect that LyondellBasell Industries NV will post 11.81 earnings per share for the current year.
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LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.
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