PNC Financial Services Group Inc. Has $6.12 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

PNC Financial Services Group Inc. lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 10.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 124,832 shares of the specialty chemicals company’s stock after purchasing an additional 12,313 shares during the quarter. PNC Financial Services Group Inc.’s holdings in LyondellBasell Industries were worth $6,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in LyondellBasell Industries by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 2,409,446 shares of the specialty chemicals company’s stock valued at $118,160,000 after acquiring an additional 183,245 shares in the last quarter. Cidel Asset Management Inc. grew its stake in shares of LyondellBasell Industries by 15.4% during the third quarter. Cidel Asset Management Inc. now owns 6,394 shares of the specialty chemicals company’s stock valued at $314,000 after purchasing an additional 854 shares during the last quarter. Assetmark Inc. grew its stake in shares of LyondellBasell Industries by 58.8% during the third quarter. Assetmark Inc. now owns 40,122 shares of the specialty chemicals company’s stock valued at $1,968,000 after purchasing an additional 14,856 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in shares of LyondellBasell Industries by 14.6% in the third quarter. Public Sector Pension Investment Board now owns 22,354 shares of the specialty chemicals company’s stock valued at $1,096,000 after purchasing an additional 2,847 shares in the last quarter. Finally, Cibc World Market Inc. raised its position in LyondellBasell Industries by 40.9% in the 3rd quarter. Cibc World Market Inc. now owns 124,536 shares of the specialty chemicals company’s stock worth $6,107,000 after purchasing an additional 36,179 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.1%

Shares of LyondellBasell Industries stock opened at $55.34 on Friday. The business has a fifty day simple moving average of $49.31 and a 200 day simple moving average of $49.17. The stock has a market cap of $17.81 billion, a PE ratio of -23.75, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $78.41.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.LyondellBasell Industries’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. Research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LYB shares. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. BMO Capital Markets reiterated an “underperform” rating and issued a $36.00 price target (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Citigroup boosted their price objective on LyondellBasell Industries from $46.00 to $49.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $51.00.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.