LyondellBasell Industries N.V. $LYB Position Boosted by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 20.1% during the 2nd quarter, Holdings Channel reports. The fund owned 13,437 shares of the specialty chemicals company’s stock after purchasing an additional 2,252 shares during the period. Samalin Investment Counsel LLC’s holdings in LyondellBasell Industries were worth $777,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in LYB. Bank of Montreal Can lifted its position in shares of LyondellBasell Industries by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after acquiring an additional 15,264 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised its position in shares of LyondellBasell Industries by 69.1% during the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock worth $14,456,000 after purchasing an additional 102,140 shares during the period. M&T Bank Corp raised its position in shares of LyondellBasell Industries by 1.1% during the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock worth $1,405,000 after purchasing an additional 209 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of LyondellBasell Industries by 166.2% during the first quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company’s stock valued at $16,743,000 after purchasing an additional 148,500 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in LyondellBasell Industries by 13.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 476,628 shares of the specialty chemicals company’s stock worth $27,578,000 after purchasing an additional 54,966 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on LYB. UBS Group reduced their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research note on Monday, October 6th. Alembic Global Advisors upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Wall Street Zen raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group cut their target price on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Finally, Bank of America decreased their target price on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. 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 issued a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $57.69.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Up 1.2%

LYB stock opened at $42.91 on Monday. The company has a 50 day moving average of $49.32 and a two-hundred day moving average of $55.06. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 55.72 and a beta of 0.87. LyondellBasell Industries N.V. has a 12-month low of $42.26 and a 12-month high of $86.45. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping 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 business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the business posted $1.88 earnings per share. 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 earnings per share for the current fiscal year.

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.