Mckinley Capital Management LLC Delaware decreased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 36.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,905 shares of the specialty chemicals company’s stock after selling 72,336 shares during the quarter. Mckinley Capital Management LLC Delaware’s holdings in LyondellBasell Industries were worth $13,780,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Fieldpoint Private Securities LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $109,000. TCI Wealth Advisors Inc. raised its position in LyondellBasell Industries by 229.9% in the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after purchasing an additional 708 shares during the last quarter. CENTRAL TRUST Co raised its position in LyondellBasell Industries by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in LyondellBasell Industries in the 4th quarter valued at $134,000. Finally, Oakworth Capital Inc. raised its position in LyondellBasell Industries by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after purchasing an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 74.21% of the company’s stock.
LyondellBasell Industries NV (NYSE LYB) opened at $109.70 on Tuesday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. The stock has a market cap of $42,203.30, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.11 and a beta of 1.05. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month high of $121.95.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.18. The company had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. LyondellBasell Industries’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.94 EPS. equities research analysts anticipate that LyondellBasell Industries NV will post 10.67 earnings per share for the current fiscal year.
Several research firms recently commented on LYB. SunTrust Banks reiterated a “hold” rating and issued a $105.00 price target on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Morgan Stanley set a $130.00 price target on shares of LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, February 5th. Barclays upped their price target on shares of LyondellBasell Industries from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research report on Monday, February 5th. Finally, ValuEngine upgraded shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $108.28.
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LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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