LyondellBasell Industries NV (LYB) Stake Increased by Seminole Management Co. Inc.

LyondellBasell Industries NV (LYB) Stake Increased by Seminole Management Co. Inc.

Seminole Management Co. Inc. increased its stake in LyondellBasell Industries NV (NYSE:LYB) by 106.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,115 shares of the specialty chemicals company’s stock after buying an additional 64,365 shares during the period. LyondellBasell Industries NV makes up about 2.1% of Seminole Management Co. Inc.’s investment portfolio, making the stock its 20th largest position. Seminole Management Co. Inc.’s holdings in LyondellBasell Industries NV were worth $11,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of LYB. FMR LLC raised its position in shares of LyondellBasell Industries NV by 41.5% in the fourth quarter. FMR LLC now owns 24,138,271 shares of the specialty chemicals company’s stock valued at $2,070,581,000 after buying an additional 7,075,742 shares during the last quarter. Norges Bank bought a new position in shares of LyondellBasell Industries NV during the fourth quarter valued at $296,654,000. UBS Asset Management Americas Inc. raised its position in shares of LyondellBasell Industries NV by 75.7% in the fourth quarter. UBS Asset Management Americas Inc. now owns 3,645,547 shares of the specialty chemicals company’s stock valued at $312,714,000 after buying an additional 1,570,324 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of LyondellBasell Industries NV during the fourth quarter valued at $74,805,000. Finally, Bessemer Group Inc. raised its position in shares of LyondellBasell Industries NV by 77.2% in the fourth quarter. Bessemer Group Inc. now owns 1,506,951 shares of the specialty chemicals company’s stock valued at $129,266,000 after buying an additional 656,493 shares during the last quarter. Institutional investors own 69.75% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded up 3.37% during mid-day trading on Friday, hitting $84.16. 3,830,840 shares of the company’s stock traded hands. LyondellBasell Industries NV has a 1-year low of $69.82 and a 1-year high of $97.64. The stock has a 50 day moving average price of $87.29 and a 200-day moving average price of $87.87. The stock has a market cap of $33.88 billion, a P/E ratio of 9.22 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last released its earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.36 by $0.36. The firm earned $8.43 billion during the quarter, compared to analysts’ expectations of $7.59 billion. LyondellBasell Industries NV had a return on equity of 63.76% and a net margin of 13.15%. The business’s revenue was up 25.0% on a year-over-year basis. During the same period last year, the business earned $2.48 earnings per share. Equities research analysts anticipate that LyondellBasell Industries NV will post $10.08 EPS for the current fiscal year.

Several research analysts have weighed in on LYB shares. Citigroup Inc restated an “overweight” rating on shares of LyondellBasell Industries NV in a research report on Friday, April 14th. Evercore ISI started coverage on shares of LyondellBasell Industries NV in a research report on Monday, February 13th. They set a “buy” rating and a $109.00 target price on the stock. Instinet lowered their target price on shares of LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating on the stock in a research report on Monday, May 1st. Royal Bank of Canada restated a “sector perform” rating and set a $95.00 target price (up from $92.00) on shares of LyondellBasell Industries NV in a research report on Monday, February 6th. Finally, Zacks Investment Research lowered shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Eleven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. LyondellBasell Industries NV has a consensus rating of “Hold” and an average price target of $92.27.

In other news, major shareholder Ai New Holdings 2 Llc sold 246,212 shares of LyondellBasell Industries NV stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $94.19, for a total value of $23,190,708.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jacquelyn H. Wolf sold 14,769 shares of LyondellBasell Industries NV stock in a transaction that occurred on Wednesday, February 22nd. The stock was sold at an average price of $94.01, for a total transaction of $1,388,433.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,600,598 shares of company stock worth $424,590,846. 0.14% of the stock is currently owned by insiders.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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