Janney Montgomery Scott LLC Cuts Position in LyondellBasell Industries NV (NYSE:LYB)

Janney Montgomery Scott LLC decreased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 6.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 32,354 shares of the specialty chemicals company’s stock after selling 2,356 shares during the period. Janney Montgomery Scott LLC’s holdings in LyondellBasell Industries were worth $2,126,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Arden Trust Co acquired a new stake in LyondellBasell Industries in the first quarter valued at approximately $26,000. CNB Bank grew its position in LyondellBasell Industries by 211.4% in the second quarter. CNB Bank now owns 436 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 296 shares in the last quarter. Westside Investment Management Inc. acquired a new stake in LyondellBasell Industries in the first quarter valued at approximately $31,000. Founders Capital Management grew its position in LyondellBasell Industries by 175.0% in the first quarter. Founders Capital Management now owns 550 shares of the specialty chemicals company’s stock valued at $40,000 after acquiring an additional 350 shares in the last quarter. Finally, Central Bank & Trust Co. grew its position in LyondellBasell Industries by 504.1% in the first quarter. Central Bank & Trust Co. now owns 592 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 65.75% of the company’s stock.

In related news, EVP Daniel M. Coombs bought 4,400 shares of the business’s stock in a transaction on Monday, May 4th. The shares were bought at an average cost of $53.28 per share, for a total transaction of $234,432.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

LYB stock opened at $62.52 on Friday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.04 and a current ratio of 1.76. The stock has a market capitalization of $21.79 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 2.08 and a beta of 1.57. LyondellBasell Industries NV has a 1 year low of $33.71 and a 1 year high of $98.91. The stock’s fifty day moving average is $66.56 and its two-hundred day moving average is $65.77.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.02. The company had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $5.67 billion. LyondellBasell Industries had a return on equity of 36.24% and a net margin of 8.14%. The firm’s quarterly revenue was down 38.7% compared to the same quarter last year. During the same period last year, the business posted $2.74 earnings per share. As a group, analysts predict that LyondellBasell Industries NV will post 4.65 EPS for the current fiscal year.

LYB has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of LyondellBasell Industries from $69.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Deutsche Bank raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $60.00 to $72.00 in a research report on Tuesday, May 26th. Tudor Pickering downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $57.00 price target for the company. in a research report on Thursday, April 16th. Wells Fargo & Co downgraded shares of LyondellBasell Industries from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $57.00 to $55.00 in a research report on Thursday, April 16th. Finally, Atlantic Securities initiated coverage on shares of LyondellBasell Industries in a research report on Monday, June 1st. They set an “overweight” rating and a $76.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.86.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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

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