The ICM Asset Management Inc. WA reached $1,066,000 position of LyondellBasell Industries (LYB)

The ICM Asset Management Inc. WA reached $1,066,000 position  of LyondellBasell Industries (LYB)

ICM Asset Management Inc. WA decreased its position in LyondellBasell Industries (NYSE:LYB) by 1.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,320 shares of the company’s stock after selling 205 shares during the period. LyondellBasell Industries comprises 1.6% of ICM Asset Management Inc. WA’s portfolio, making the stock its 29th largest position. ICM Asset Management Inc. WA’s holdings in LyondellBasell Industries were worth $1,066,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its stake in LyondellBasell Industries by 3.9% in the first quarter. Geode Capital Management LLC now owns 3,165,347 shares of the company’s stock worth $270,393,000 after buying an additional 117,962 shares during the period. Bank of Montreal Can acquired a new stake in LyondellBasell Industries during the second quarter worth $184,074,000. UBS Asset Management Americas Inc. increased its stake in LyondellBasell Industries by 3.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,279,923 shares of the company’s stock worth $195,118,000 after buying an additional 66,090 shares during the period. Panagora Asset Management Inc. increased its stake in LyondellBasell Industries by 9.3% in the first quarter. Panagora Asset Management Inc. now owns 1,823,884 shares of the company’s stock worth $156,088,000 after buying an additional 154,879 shares during the period. Finally, Anchor Bolt Capital LP increased its stake in LyondellBasell Industries by 72.1% in the first quarter. Anchor Bolt Capital LP now owns 1,160,225 shares of the company’s stock worth $99,292,000 after buying an additional 485,904 shares during the period. 71.63% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries (NYSE:LYB) traded down 0.03% during mid-day trading on Monday, reaching $79.53. 3,445,081 shares of the company’s stock traded hands. LyondellBasell Industries has a 12 month low of $69.10 and a 12 month high of $97.20. The company has a 50 day moving average price of $78.99 and a 200-day moving average price of $80.11. The stock has a market cap of $33.06 billion, a P/E ratio of 8.59 and a beta of 1.46.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 29th. The company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.51 by $0.06. The company earned $7.33 billion during the quarter, compared to the consensus estimate of $7.64 billion. LyondellBasell Industries had a net margin of 13.91% and a return on equity of 66.25%. The business’s revenue was down 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.81 EPS. On average, analysts anticipate that LyondellBasell Industries will post $9.61 EPS for the current year.

LYB has been the subject of a number of recent research reports. Tudor Pickering assumed coverage on shares of LyondellBasell Industries in a research note on Thursday. They set a “buy” rating and a $95.00 price target for the company. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Wednesday, October 5th. Vetr raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $84.88 target price for the company in a research note on Monday, August 1st. Barclays PLC lowered their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Finally, Susquehanna lowered their target price on shares of LyondellBasell Industries from $100.00 to $96.00 and set a “positive” rating for the company in a research note on Friday, August 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $90.19.

In other news, Director Jagjeet S. Bindra sold 3,750 shares of LyondellBasell Industries stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company. The Company’s segments 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. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

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