Marshall Wace LLP Makes New $1.51 Million Investment in LyondellBasell Industries NV (NYSE:LYB)

Marshall Wace LLP acquired a new position in LyondellBasell Industries NV (NYSE:LYB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,963 shares of the specialty chemicals company’s stock, valued at approximately $1,510,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $259,614,000. Deutsche Bank AG raised its position in LyondellBasell Industries by 45.4% during the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock valued at $372,096,000 after purchasing an additional 1,396,953 shares in the last quarter. Two Sigma Advisers LP raised its position in LyondellBasell Industries by 107.3% during the 4th quarter. Two Sigma Advisers LP now owns 1,949,246 shares of the specialty chemicals company’s stock valued at $162,099,000 after purchasing an additional 1,009,000 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in LyondellBasell Industries by 1,378.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,074,945 shares of the specialty chemicals company’s stock valued at $89,393,000 after purchasing an additional 1,002,221 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in LyondellBasell Industries by 2,155.2% during the 1st quarter. OppenheimerFunds Inc. now owns 1,016,734 shares of the specialty chemicals company’s stock valued at $85,487,000 after purchasing an additional 971,651 shares in the last quarter. 68.97% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on LYB shares. Citigroup raised Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, July 12th. Bank of America set a $18.00 target price on Victory Capital and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Nomura downgraded Infosys from a “neutral” rating to a “reduce” rating in a research note on Monday, April 15th. UBS Group boosted their price target on LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. Finally, Jefferies Financial Group boosted their price objective on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $109.56.

LyondellBasell Industries stock traded down $0.01 during mid-day trading on Thursday, hitting $85.72. The company’s stock had a trading volume of 1,984,600 shares, compared to its average volume of 2,875,147. LyondellBasell Industries NV has a 1 year low of $73.94 and a 1 year high of $116.63. The business has a fifty day moving average price of $84.43. The firm has a market cap of $31.76 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.93 and a beta of 1.27. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $9.47 billion. During the same period last year, the firm earned $3.11 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries NV will post 10.45 earnings per share for the current fiscal year.

LyondellBasell Industries Profile

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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