LyondellBasell Industries N.V. $LYB Shares Acquired by Marco Investment Management LLC

Marco Investment Management LLC boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 32.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 175,965 shares of the specialty chemicals company’s stock after acquiring an additional 43,345 shares during the quarter. Marco Investment Management LLC’s holdings in LyondellBasell Industries were worth $10,181,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV lifted its holdings in LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 261 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of LyondellBasell Industries during the second quarter worth about $29,000. TruNorth Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth about $42,000. Brown Lisle Cummings Inc. raised its position in shares of LyondellBasell Industries by 55.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 213 shares during the last quarter. Finally, VSM Wealth Advisory LLC lifted its stake in LyondellBasell Industries by 200.0% in the 1st quarter. VSM Wealth Advisory LLC now owns 600 shares of the specialty chemicals company’s stock valued at $42,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of a number of research analyst reports. Citigroup reduced their target price on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. Bank of America reduced their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. Finally, BMO Capital Markets dropped their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.69.

LyondellBasell Industries Stock Up 1.2%

Shares of NYSE:LYB opened at $42.91 on Friday. LyondellBasell Industries N.V. has a 52-week low of $42.26 and a 52-week high of $86.45. The stock has a market cap of $13.81 billion, a P/E ratio of 55.72 and a beta of 0.87. The business has a fifty day moving average of $49.32 and a two-hundred day moving average of $55.11. 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 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. On average, research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were 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 in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company 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.