American National Registered Investment Advisor Inc. continued to hold its position in LyondellBasell Industries NV (NYSE:LYB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,505 shares of the specialty chemicals company’s stock at the end of the first quarter. American National Registered Investment Advisor Inc.’s holdings in LyondellBasell Industries NV were worth $502,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of LYB. Stanley Laman Group Ltd. purchased a new stake in LyondellBasell Industries NV during the third quarter worth approximately $919,000. World Asset Management Inc increased its stake in LyondellBasell Industries NV by 1.4% in the third quarter. World Asset Management Inc now owns 36,904 shares of the specialty chemicals company’s stock worth $2,977,000 after buying an additional 526 shares during the period. Synovus Financial Corp increased its stake in LyondellBasell Industries NV by 2.1% in the third quarter. Synovus Financial Corp now owns 4,583 shares of the specialty chemicals company’s stock worth $370,000 after buying an additional 94 shares during the period. S&CO Inc. increased its stake in LyondellBasell Industries NV by 49.3% in the third quarter. S&CO Inc. now owns 10,000 shares of the specialty chemicals company’s stock worth $807,000 after buying an additional 3,300 shares during the period. Finally, Wells Fargo & Company MN increased its stake in LyondellBasell Industries NV by 9.7% in the third quarter. Wells Fargo & Company MN now owns 1,444,859 shares of the specialty chemicals company’s stock worth $116,543,000 after buying an additional 127,993 shares during the period. Institutional investors and hedge funds own 69.75% of the company’s stock.
LyondellBasell Industries NV (NYSE:LYB) traded up 1.28% during trading on Friday, hitting $81.44. The stock had a trading volume of 2,317,162 shares. The stock’s 50-day moving average is $85.33 and its 200 day moving average is $87.92. The firm has a market cap of $32.80 billion, a price-to-earnings ratio of 9.32 and a beta of 1.04. LyondellBasell Industries NV has a one year low of $69.82 and a one year high of $97.64.
LyondellBasell Industries NV (NYSE:LYB) last posted its earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by $0.36. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.59 billion. LyondellBasell Industries NV had a net margin of 13.15% and a return on equity of 63.76%. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period last year, the company posted $2.48 earnings per share. Equities analysts anticipate that LyondellBasell Industries NV will post $9.88 earnings per share for the current year.
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A number of research analysts have issued reports on the company. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $100.00 price target on shares of LyondellBasell Industries NV in a report on Friday, February 10th. Citigroup Inc reissued an “overweight” rating on shares of LyondellBasell Industries NV in a report on Friday, April 14th. Instinet decreased their price target on LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, May 1st. Zacks Investment Research downgraded LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $95.00 price target (up from $92.00) on shares of LyondellBasell Industries NV in a report on Monday, February 6th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $91.00.
In other LyondellBasell Industries NV news, SVP Jacquelyn H. Wolf sold 14,769 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $94.01, for a total transaction of $1,388,433.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Ai New Holdings 2 Llc sold 246,212 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $94.19, for a total value of $23,190,708.28. The disclosure for this sale can be found here. Insiders have sold 400,598 shares of company stock valued at $37,021,809 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.
LyondellBasell Industries NV Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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