Roosevelt Investment Group Inc. Has $11,701,000 Position in LyondellBasell Industries (LYB)
Roosevelt Investment Group Inc. increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 179.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 157,224 shares of the company’s stock after buying an additional 100,974 shares during the period. Roosevelt Investment Group Inc.’s holdings in LyondellBasell Industries were worth $11,701,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Pinkerton Retirement Specialists LLC bought a new stake in shares of LyondellBasell Industries during the second quarter valued at $103,000. Americafirst Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the second quarter valued at $106,000. Pacer Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 321.5% in the second quarter. Pacer Advisors Inc. now owns 1,492 shares of the company’s stock valued at $111,000 after buying an additional 1,138 shares in the last quarter. Exane Derivatives boosted its stake in shares of LyondellBasell Industries by 103.6% in the second quarter. Exane Derivatives now owns 1,547 shares of the company’s stock valued at $115,000 after buying an additional 787 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of LyondellBasell Industries during the second quarter valued at $129,000. Hedge funds and other institutional investors own 71.07% of the company’s stock.
LyondellBasell Industries (NYSE:LYB) traded down 1.38% during mid-day trading on Friday, hitting $82.20. The stock had a trading volume of 3,754,239 shares. LyondellBasell Industries has a 12 month low of $69.10 and a 12 month high of $97.20. The stock has a market cap of $33.50 billion, a price-to-earnings ratio of 9.14 and a beta of 1.13. The stock’s 50-day moving average price is $80.17 and its 200-day moving average price is $79.10.
LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Tuesday, November 1st. The company reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.32 by $0.01. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.48 billion. LyondellBasell Industries had a net margin of 13.57% and a return on equity of 64.02%. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $2.80 EPS. On average, analysts predict that LyondellBasell Industries will post $9.47 earnings per share for the current year.
Several research firms recently weighed in on LYB. Vetr cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $82.00 price objective on the stock. in a research report on Monday, August 22nd. Argus restated a “hold” rating on shares of LyondellBasell Industries in a research report on Thursday, August 18th. Citigroup Inc. decreased their price objective on shares of LyondellBasell Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 2nd. RBC Capital Markets restated a “hold” rating and issued a $82.00 price objective on shares of LyondellBasell Industries in a research report on Tuesday, September 20th. Finally, Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Wednesday, October 19th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $89.47.
In related news, Director Jagjeet S. Bindra sold 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $80.01, for a total transaction of $300,037.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
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