PNC Financial Services Group Inc. Has $6.12 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

PNC Financial Services Group Inc. raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 10.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 124,832 shares of the specialty chemicals company’s stock after buying an additional 12,313 shares during the quarter. PNC Financial Services Group Inc.’s holdings in LyondellBasell Industries were worth $6,122,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LYB. Woodline Partners LP grew its stake in shares of LyondellBasell Industries by 40.4% in the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock worth $1,542,000 after acquiring an additional 6,297 shares during the last quarter. Focus Partners Wealth boosted its holdings in LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the period. Nordea Investment Management AB grew its position in LyondellBasell Industries by 20.2% in the 2nd quarter. Nordea Investment Management AB now owns 25,613 shares of the specialty chemicals company’s stock worth $1,493,000 after purchasing an additional 4,299 shares during the last quarter. Stratos Wealth Partners LTD. grew its position in LyondellBasell Industries by 14.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 3,547 shares of the specialty chemicals company’s stock worth $205,000 after purchasing an additional 454 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of LyondellBasell Industries during the 2nd quarter worth about $184,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $55.34 on Friday. The stock’s fifty day simple moving average is $49.31 and its 200 day simple moving average is $49.17. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $78.41. The firm has a market cap of $17.81 billion, a price-to-earnings ratio of -23.75, a P/E/G ratio of 0.38 and a beta of 0.70. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The company had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period in the previous year, the business posted $0.75 earnings per share. The firm’s revenue was down 9.2% compared to the same quarter last year. On average, analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LYB. KeyCorp reiterated a “sector weight” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. BMO Capital Markets reissued an “underperform” rating and set a $36.00 price objective (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Wells Fargo & Company upped their target price on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday, February 2nd. Finally, UBS Group decreased their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research note on Tuesday, December 23rd. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.