Hudson Valley Investment Advisors Inc. ADV raised its position in LyondellBasell Industries NV (NYSE:LYB) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,504 shares of the specialty chemicals company’s stock after buying an additional 1,159 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in LyondellBasell Industries were worth $1,600,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Gofen & Glossberg LLC IL bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $322,000. Starfire Investment Advisers Inc. bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $382,000. Nisa Investment Advisors LLC raised its stake in shares of LyondellBasell Industries by 3.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 46,986 shares of the specialty chemicals company’s stock valued at $5,182,000 after buying an additional 1,520 shares during the period. Polianta Ltd bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $1,257,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of LyondellBasell Industries by 6.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,422,187 shares of the specialty chemicals company’s stock valued at $140,868,000 after buying an additional 85,841 shares during the period. Hedge funds and other institutional investors own 74.09% of the company’s stock.
In related news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.
LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a return on equity of 58.13% and a net margin of 11.32%. equities research analysts predict that LyondellBasell Industries NV will post 9.96 EPS for the current year.
LYB has been the topic of several research reports. Cowen restated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, October 4th. Morgan Stanley set a $115.00 target price on LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, December 2nd. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Monday, December 18th. UBS Group boosted their target price on LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price on the stock in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $102.56.
LyondellBasell Industries 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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