Rothschild Investment LLC Cuts Position in LyondellBasell Industries N.V. $LYB

Rothschild Investment LLC decreased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 16.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,990 shares of the specialty chemicals company’s stock after selling 2,984 shares during the period. Rothschild Investment LLC’s holdings in LyondellBasell Industries were worth $867,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Private Advisor Group LLC raised its stake in LyondellBasell Industries by 44.3% during the first quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company’s stock valued at $1,019,000 after buying an additional 4,442 shares during the last quarter. J.W. Cole Advisors Inc. bought a new position in shares of LyondellBasell Industries during the first quarter valued at $1,793,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of LyondellBasell Industries by 0.6% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 146,274 shares of the specialty chemicals company’s stock valued at $10,297,000 after acquiring an additional 832 shares in the last quarter. Wealth Alliance LLC raised its position in shares of LyondellBasell Industries by 108.8% in the 1st quarter. Wealth Alliance LLC now owns 13,312 shares of the specialty chemicals company’s stock worth $937,000 after purchasing an additional 6,936 shares during the last quarter. Finally, Ignite Planners LLC boosted its stake in LyondellBasell Industries by 33.2% in the 1st quarter. Ignite Planners LLC now owns 13,000 shares of the specialty chemicals company’s stock worth $915,000 after purchasing an additional 3,239 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on LYB shares. Citigroup reduced their price objective on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. Mizuho set a $52.00 price target on shares of LyondellBasell Industries in a report on Monday, November 3rd. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Finally, Wall Street Zen upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $56.56.

LyondellBasell Industries Trading Down 3.7%

Shares of LYB stock opened at $43.61 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $85.25. The stock has a market capitalization of $14.04 billion, a P/E ratio of 56.63 and a beta of 0.87. The firm’s 50 day moving average is $48.00 and its 200 day moving average is $54.44.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 EPS. Research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Company Profile

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.