Swiss National Bank Has $74.14 Million Position in LyondellBasell Industries (NYSE:LYB)

Swiss National Bank raised its position in LyondellBasell Industries (NYSE:LYB) by 0.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 773,100 shares of the specialty chemicals company’s stock after purchasing an additional 2,300 shares during the period. Swiss National Bank’s holdings in LyondellBasell Industries were worth $74,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in LYB. Principal Financial Group Inc. increased its position in LyondellBasell Industries by 6.3% during the third quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after acquiring an additional 18,311 shares during the period. Foresight Capital Management Advisors Inc. bought a new position in shares of LyondellBasell Industries during the second quarter worth approximately $1,416,000. PGGM Investments raised its position in shares of LyondellBasell Industries by 47.9% in the second quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock valued at $2,119,000 after buying an additional 7,168 shares in the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in LyondellBasell Industries by 99.4% during the 1st quarter. Bessemer Group Inc. now owns 19,674 shares of the specialty chemicals company’s stock worth $2,013,000 after acquiring an additional 9,809 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 1.2 %

LYB opened at $82.20 on Wednesday. The company’s 50 day moving average price is $90.67 and its two-hundred day moving average price is $94.64. The firm has a market capitalization of $26.70 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 2.31 and a beta of 1.08. LyondellBasell Industries has a fifty-two week low of $81.91 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. As a group, research analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LYB shares. Wells Fargo & Company cut their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Mizuho reduced their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $101.70.

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.