Samalin Investment Counsel LLC Boosts Stake in LyondellBasell Industries N.V. $LYB

Samalin Investment Counsel LLC grew its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 20.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,437 shares of the specialty chemicals company’s stock after acquiring 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 SEC filing.

Several other institutional investors have also modified their holdings of LYB. Vise Technologies Inc. acquired a new stake in LyondellBasell Industries during the 2nd quarter valued at approximately $514,000. Allworth Financial LP boosted its stake in shares of LyondellBasell Industries by 46.0% during the 2nd quarter. Allworth Financial LP now owns 2,264 shares of the specialty chemicals company’s stock valued at $131,000 after buying an additional 713 shares during the last quarter. ProShare Advisors LLC grew its position in shares of LyondellBasell Industries by 10.2% during the second quarter. ProShare Advisors LLC now owns 73,071 shares of the specialty chemicals company’s stock worth $4,228,000 after buying an additional 6,735 shares in the last quarter. Monaco Asset Management SAM bought a new stake in shares of LyondellBasell Industries in the second quarter worth $579,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in LyondellBasell Industries by 8.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 518,289 shares of the specialty chemicals company’s stock valued at $29,988,000 after acquiring an additional 42,471 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.2%

NYSE:LYB opened at $42.91 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average of $49.32 and a 200-day moving average of $55.06. The firm has a market capitalization of $13.81 billion, a PE ratio of 55.72 and a beta of 0.87. LyondellBasell Industries N.V. has a 52 week low of $42.26 and a 52 week high of $86.45.

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. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 EPS. Analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on LYB. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. BMO Capital Markets decreased their price target on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Bank of America cut their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Wall Street Zen upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Citigroup lowered their price target on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. One 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.69.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries 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.