LyondellBasell Industries NV (LYB) Shares Sold by Palladium Partners LLC

Share on StockTwits

Palladium Partners LLC lessened its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,113 shares of the specialty chemicals company’s stock after selling 2,072 shares during the period. Palladium Partners LLC’s holdings in LyondellBasell Industries were worth $3,600,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Wetherby Asset Management Inc. raised its stake in LyondellBasell Industries by 8.2% in the second quarter. Wetherby Asset Management Inc. now owns 6,529 shares of the specialty chemicals company’s stock worth $717,000 after buying an additional 496 shares in the last quarter. BB&T Securities LLC grew its holdings in LyondellBasell Industries by 1.3% in the second quarter. BB&T Securities LLC now owns 38,479 shares of the specialty chemicals company’s stock worth $4,227,000 after purchasing an additional 497 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in LyondellBasell Industries by 10.7% in the second quarter. Belpointe Asset Management LLC now owns 5,327 shares of the specialty chemicals company’s stock worth $585,000 after purchasing an additional 516 shares during the last quarter. Bailard Inc. grew its holdings in LyondellBasell Industries by 17.0% in the second quarter. Bailard Inc. now owns 3,646 shares of the specialty chemicals company’s stock worth $401,000 after purchasing an additional 531 shares during the last quarter. Finally, Daiwa SB Investments Ltd. grew its holdings in LyondellBasell Industries by 36.0% in the second quarter. Daiwa SB Investments Ltd. now owns 2,040 shares of the specialty chemicals company’s stock worth $224,000 after purchasing an additional 540 shares during the last quarter. 72.66% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on LYB shares. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Thursday, August 9th. Citigroup lifted their price target on shares of LyondellBasell Industries from $122.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, August 15th. Standpoint Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, October 12th. ValuEngine lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Cowen lifted their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $117.46.

Shares of LYB traded up $0.66 during trading hours on Tuesday, reaching $89.11. 34,895 shares of the company traded hands, compared to its average volume of 3,040,629. The firm has a market capitalization of $34.74 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 0.80 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.27 and a quick ratio of 1.51. LyondellBasell Industries NV has a 12-month low of $86.41 and a 12-month high of $121.95.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.44. The firm had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. As a group, research analysts anticipate that LyondellBasell Industries NV will post 11.71 EPS for the current fiscal year.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

Featured Story: What is dollar cost averaging (DCA)?

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply