Sage Capital Advisors llc boosted its stake in LyondellBasell Industries NV (NYSE:LYB) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,147 shares of the specialty chemicals company’s stock after purchasing an additional 152 shares during the quarter. Sage Capital Advisors llc’s holdings in LyondellBasell Industries were worth $1,809,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of LYB. Aristeia Capital LLC purchased a new position in shares of LyondellBasell Industries in the second quarter worth $226,334,000. Nuveen Asset Management LLC increased its position in LyondellBasell Industries by 224.2% in the second quarter. Nuveen Asset Management LLC now owns 1,583,269 shares of the specialty chemicals company’s stock worth $136,367,000 after purchasing an additional 1,094,978 shares during the last quarter. Invesco Ltd. raised its stake in LyondellBasell Industries by 32.0% during the second quarter. Invesco Ltd. now owns 3,639,022 shares of the specialty chemicals company’s stock valued at $313,429,000 after purchasing an additional 881,932 shares in the last quarter. Point72 Asset Management L.P. bought a new position in LyondellBasell Industries during the second quarter valued at $48,994,000. Finally, Waddell & Reed Financial Inc. lifted its position in LyondellBasell Industries by 36.9% during the second quarter. Waddell & Reed Financial Inc. now owns 1,907,892 shares of the specialty chemicals company’s stock valued at $164,327,000 after purchasing an additional 513,989 shares during the last quarter. Institutional investors and hedge funds own 66.62% of the company’s stock.
In other news, SVP Massimo Covezzi sold 11,762 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $96.79, for a total value of $1,138,443.98. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.
A number of analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of LyondellBasell Industries from $87.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Royal Bank of Canada downgraded shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $102.00 to $95.00 in a report on Friday, December 20th. JPMorgan Chase & Co. lifted their price target on LyondellBasell Industries from $69.00 to $84.00 and gave the stock an “underweight” rating in a research report on Monday, November 18th. Goldman Sachs Group raised LyondellBasell Industries from a “buy” rating to a “conviction-buy” rating and reduced their price objective for the stock from $121.00 to $96.00 in a research note on Monday, November 18th. Finally, Cowen boosted their price objective on LyondellBasell Industries from $85.00 to $90.00 and gave the stock a “market perform” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $95.88.
Shares of LYB traded down $0.22 during midday trading on Thursday, hitting $91.38. The stock had a trading volume of 29,757 shares, compared to its average volume of 1,670,183. LyondellBasell Industries NV has a 1 year low of $68.61 and a 1 year high of $98.91. The firm has a market cap of $30.65 billion, a PE ratio of 8.10, a price-to-earnings-growth ratio of 0.97 and a beta of 1.40. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.30 and a quick ratio of 0.70. The stock’s 50 day moving average is $92.73 and its 200 day moving average is $86.96.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $2.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.78 by ($0.08). LyondellBasell Industries had a net margin of 9.80% and a return on equity of 35.56%. The firm had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.98 billion. As a group, equities research analysts expect that LyondellBasell Industries NV will post 9.95 earnings per share for the current fiscal year.
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.
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