Bank of Montreal Can Grows Stock Holdings in LyondellBasell Industries N.V. $LYB

Bank of Montreal Can raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 651,236 shares of the specialty chemicals company’s stock after acquiring an additional 15,264 shares during the quarter. Bank of Montreal Can’s holdings in LyondellBasell Industries were worth $37,681,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LYB. Pacer Advisors Inc. increased its position in shares of LyondellBasell Industries by 3,502.2% in the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock valued at $141,893,000 after acquiring an additional 1,959,576 shares during the period. HighTower Advisors LLC increased its position in shares of LyondellBasell Industries by 137.9% in the first quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock valued at $123,907,000 after acquiring an additional 1,020,169 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of LyondellBasell Industries by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after buying an additional 657,443 shares during the period. Nuveen LLC purchased a new position in shares of LyondellBasell Industries during the first quarter valued at about $43,280,000. Finally, Invesco Ltd. increased its position in shares of LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after buying an additional 606,234 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LYB shares. Rothschild & Co Redburn reduced their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. UBS Group reduced their price target on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research report on Monday, October 6th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Zacks Research cut shares of LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Mizuho set a $52.00 price target on shares of LyondellBasell Industries in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $57.69.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Down 1.0%

NYSE:LYB opened at $44.00 on Thursday. The company’s 50-day simple moving average is $49.86 and its 200 day simple moving average is $55.29. The firm has a market capitalization of $14.15 billion, a P/E ratio of 57.14 and a beta of 0.87. LyondellBasell Industries N.V. has a one year low of $43.94 and a one year high of $88.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. As a group, analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.