Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 3,784 Shares of LyondellBasell Industries N.V. $LYB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 6.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,060 shares of the specialty chemicals company’s stock after purchasing an additional 3,784 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LyondellBasell Industries were worth $3,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of LYB. Pacer Advisors Inc. lifted its position in LyondellBasell Industries by 3,502.2% during the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock valued at $141,893,000 after acquiring an additional 1,959,576 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 137.9% during the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock valued at $123,907,000 after purchasing an additional 1,020,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after purchasing an additional 657,443 shares in the last quarter. Nuveen LLC purchased a new position in LyondellBasell Industries during the 1st quarter worth $43,280,000. Finally, Invesco Ltd. increased its position in LyondellBasell Industries by 10.4% during the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after buying an additional 606,234 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Zacks Research lowered LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. 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 for the company in a research note on Tuesday, August 5th. Citigroup dropped their price objective on shares of LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.19.

LyondellBasell Industries Trading Down 2.1%

NYSE LYB opened at $42.82 on Thursday. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $85.25. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The company has a market capitalization of $13.78 billion, a PE ratio of 55.61 and a beta of 0.87. The company has a fifty day moving average of $47.55 and a 200 day moving average of $54.26.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share 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 company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the firm earned $1.88 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

Insider Activity at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

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.