LyondellBasell Industries N.V. $LYB Shares Purchased by Assetmark Inc.

Assetmark Inc. increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 58.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,122 shares of the specialty chemicals company’s stock after purchasing an additional 14,856 shares during the period. Assetmark Inc.’s holdings in LyondellBasell Industries were worth $1,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LYB. Public Sector Pension Investment Board raised its position in shares of LyondellBasell Industries by 14.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 22,354 shares of the specialty chemicals company’s stock valued at $1,096,000 after buying an additional 2,847 shares during the period. Cibc World Market Inc. lifted its stake in shares of LyondellBasell Industries by 40.9% in the 3rd quarter. Cibc World Market Inc. now owns 124,536 shares of the specialty chemicals company’s stock valued at $6,107,000 after purchasing an additional 36,179 shares during the last quarter. Caprock Group LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth $272,000. Rhumbline Advisers increased its position in shares of LyondellBasell Industries by 4.0% during the 3rd quarter. Rhumbline Advisers now owns 534,552 shares of the specialty chemicals company’s stock worth $26,214,000 after purchasing an additional 20,462 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in LyondellBasell Industries by 22.0% in the 3rd quarter. Advisors Asset Management Inc. now owns 60,287 shares of the specialty chemicals company’s stock valued at $2,956,000 after buying an additional 10,872 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on LYB shares. The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Wolfe Research lowered their price target on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research report on Monday, February 2nd. Citigroup boosted their price objective on LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Stock Down 1.1%

Shares of NYSE LYB opened at $55.34 on Friday. The business has a 50-day moving average of $49.31 and a two-hundred day moving average of $49.17. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of -23.75, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $78.41. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.LyondellBasell Industries’s revenue was down 9.2% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. On average, analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.