Notable Ownership Action: Lyondellbasell Industries NV (NYSE:LYB): Stock Sentiment

November 25, 2016 - By Marie Mckinney   ·   0 Comments

Notable Ownership Action: Lyondellbasell Industries NV (NYSE:LYB): Stock Sentiment

Sentiment for Lyondellbasell Industries NV (NYSE:LYB)

Lyondellbasell Industries NV (NYSE:LYB) institutional sentiment increased to 0.98 in 2016 Q2. Its up 0.03, from 0.95 in 2016Q1. The ratio is better, as 312 funds started new and increased positions, while 327 decreased and sold equity positions in Lyondellbasell Industries NV. The funds in our partner’s database now own: 282.19 million shares, down from 297.14 million shares in 2016Q1. Also, the number of funds holding Lyondellbasell Industries NV in their top 10 positions decreased from 17 to 5 for a decrease of 12. Sold All: 82 Reduced: 245 Increased: 240 New Position: 72.

LyondellBasell Industries N.V. is a global chemical company. The company has a market cap of $35.51 billion. The Company’s divisions include Olefins and Polyolefins-Americas , Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. It has a 9.65 P/E ratio. The Company’s O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

About 395,778 shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 3.95% since April 22, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.

Analysts await LyondellBasell Industries NV (NYSE:LYB) to report earnings on February, 3 before the open. They expect $2.36 EPS, up 7.27% or $0.16 from last year’s $2.2 per share. LYB’s profit will be $971.41 million for 9.14 P/E if the $2.36 EPS becomes a reality. After $2.31 actual EPS reported by LyondellBasell Industries NV for the previous quarter, Wall Street now forecasts 2.16% EPS growth.

According to Zacks Investment Research, “LyondellBasell Industries AF S.C.A is a manufactures chemicals and derivatives. It also operates as a refiner of heavy high-sulfur crude oil produce and is engaged in the marketing and selling of polyolefins, polypropylene and polyethylene resins. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. The Company’s product range includes ethylene, propylene, polyethylene, polypropylene, polyolefins, resins, PP compounds, Polybutene, propylene Oxide and etc. It also produces refined petroleum products and gasoline blending components, including biofuels. LyondellBasell Industries AF S.C.A is headquartered in Rotterdam, the Netherlands.”

Credit Capital Investments Llc holds 5.94% of its portfolio in LyondellBasell Industries NV for 4.21 million shares. Csu Producer Resources Inc. owns 12,334 shares or 5.79% of their US portfolio. Moreover, Ranger International Management Lp has 3.92% invested in the company for 124,600 shares. The Indiana-based Kirr Marbach & Co Llc In has invested 3.68% in the stock. Mrj Capital Inc, a New York-based fund reported 72,700 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $300,020 net activity.

LyondellBasell Industries NV (NYSE:LYB) Ratings Coverage

Ratings analysis reveals 33% of LyondellBasell’s analysts are positive. Out of 15 Wall Street analysts rating LyondellBasell, 5 give it “Buy”, 2 “Sell” rating, while 8 recommend “Hold”. The lowest target is $80 while the high is $110. The stock’s average target of $92.90 is 7.69% above today’s ($86.27) share price. LYB was included in 29 notes of analysts from September 1, 2015. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Buy” rating given on Friday, October 14 by Tudor Pickering. The firm has “Outperform” rating by Cowen & Co given on Tuesday, September 1. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, June 27. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Underweight” rating given on Tuesday, April 5 by Atlantic Securities. The firm earned “Overweight” rating on Tuesday, August 2 by Barclays Capital. Nomura maintained it with “Neutral” rating and $85 target price in Monday, July 11 report. On Wednesday, November 25 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was initiated by Bernstein on Friday, September 11 with “Outperform”. The rating was upgraded by S&P Research on Tuesday, October 27 to “Buy”. The rating was maintained by Jefferies on Thursday, September 22 with “Hold”.

LYB Company Profile

LyondellBasell Industries N.V., incorporated on October 15, 2009, is a global chemical company. The Firm is a producer of olefins, including ethylene and propylene, and polyethylene (PE). The Firm operates through five divisions, which include 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 Firm produces polypropylene (PP) and PP compounds. The Company’s chemicals businesses consist primarily of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. The Company’s clients use its plastics and chemicals to manufacture a range of products, including food packaging, home furnishings, automotive components, paints and coatings. The Company’s refining business consists of its Houston refinery, which processes crude oil into products, such as gasoline, diesel and jet fuel.

More news for LyondellBasell Industries NV (NYSE:LYB) were recently published by: Seekingalpha.com, which released: “LyondellBasell Industries NV (LYB) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016. Seekingalpha.com‘s article titled: “LyondellBasell Industries NV (LYB) Bhavesh Vaghjibhai Patel on Q2 2016 Results …” and published on July 30, 2016 is yet another important article.

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By Marie Mckinney


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