Teacher Retirement System of Texas Has $2.27 Million Stake in LyondellBasell Industries N.V. $LYB

Teacher Retirement System of Texas boosted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 3.3% in the second quarter, Holdings Channel reports. The fund owned 39,235 shares of the specialty chemicals company’s stock after acquiring an additional 1,250 shares during the period. Teacher Retirement System of Texas’ holdings in LyondellBasell Industries were worth $2,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYB. Pacer Advisors Inc. lifted its position in LyondellBasell Industries by 3,502.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock worth $141,893,000 after acquiring an additional 1,959,576 shares during the last quarter. HighTower Advisors LLC lifted its position in LyondellBasell Industries by 137.9% during the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock worth $123,907,000 after acquiring an additional 1,020,169 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in LyondellBasell Industries by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after acquiring an additional 657,443 shares during the last quarter. Nuveen LLC acquired a new position in LyondellBasell Industries during the 1st quarter worth $43,280,000. Finally, Invesco Ltd. lifted its position in LyondellBasell Industries by 10.4% during the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after acquiring an additional 606,234 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LYB. Bank of America cut their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Rothschild & Co Redburn cut their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Evercore ISI cut their target price on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. Royal Bank Of Canada dropped their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $58.56.

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $46.48 on Monday. The stock has a market cap of $14.95 billion, a P/E ratio of 60.37 and a beta of 0.87. The company’s 50-day simple moving average is $50.56 and its 200 day simple moving average is $55.53. LyondellBasell Industries N.V. has a twelve month low of $44.87 and a twelve month high of $88.79. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Profile

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.