Quantum Capital Management Has $897,000 Holdings in LyondellBasell Industries NV (LYB)

Quantum Capital Management raised its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,668 shares of the specialty chemicals company’s stock after purchasing an additional 202 shares during the quarter. Quantum Capital Management’s holdings in LyondellBasell Industries were worth $897,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. First Command Bank increased its stake in shares of LyondellBasell Industries by 64.4% in the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 125 shares in the last quarter. Destination Wealth Management bought a new position in shares of LyondellBasell Industries in the 1st quarter worth about $28,000. Advisors Preferred LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth about $31,000. Berman Capital Advisors LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth about $31,000. Finally, Phocas Financial Corp. bought a new stake in LyondellBasell Industries during the 4th quarter valued at about $33,000. 72.78% of the stock is owned by institutional investors and hedge funds.

Shares of LYB stock traded down $0.31 during trading hours on Friday, reaching $81.67. The company had a trading volume of 34,154 shares, compared to its average volume of 2,540,178. LyondellBasell Industries NV has a one year low of $77.52 and a one year high of $119.39. The firm has a market capitalization of $30.74 billion, a PE ratio of 7.25, a P/E/G ratio of 1.08 and a beta of 1.11. 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 results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The firm had revenue of $8.78 billion during the quarter, compared to analyst estimates of $9.47 billion. During the same period in the previous year, the business posted $3.11 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. Analysts anticipate that LyondellBasell Industries NV will post 10.35 earnings per share for the current year.

LYB has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. restated a “buy” rating and set a $120.00 price objective on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $87.00 to $113.00 in a research note on Monday, April 15th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price objective for the company in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research note on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $115.59.

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About LyondellBasell Industries

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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