LyondellBasell Industries N.V. $LYB Shares Bought by Aviva PLC

Aviva PLC lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 6.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,261 shares of the specialty chemicals company’s stock after purchasing an additional 11,548 shares during the period. Aviva PLC’s holdings in LyondellBasell Industries were worth $11,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after buying an additional 657,443 shares during the last quarter. Invesco Ltd. grew its holdings in shares of LyondellBasell Industries by 10.4% in the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after acquiring an additional 606,234 shares during the last quarter. Federated Hermes Inc. raised its position in shares of LyondellBasell Industries by 12.7% during the first quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock worth $333,994,000 after purchasing an additional 534,456 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of LyondellBasell Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock valued at $316,113,000 after purchasing an additional 509,996 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of LyondellBasell Industries by 15.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,105,317 shares of the specialty chemicals company’s stock valued at $289,014,000 after purchasing an additional 557,397 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 2.6%

LyondellBasell Industries stock opened at $43.87 on Wednesday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $85.25. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The stock has a market cap of $14.12 billion, a P/E ratio of 56.97 and a beta of 0.87. The company’s fifty day simple moving average is $48.81 and its 200-day simple moving average is $54.84.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup cut their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Wall Street Zen upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Saturday. Evercore ISI decreased their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday. Royal Bank Of Canada lowered their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 5th. Finally, JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $57.19.

Insider Activity

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

About LyondellBasell Industries

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.