LyondellBasell Industries (NYSE:LYB) Shares Bought by KBC Group NV

KBC Group NV raised its position in LyondellBasell Industries (NYSE:LYB) by 29.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 484,058 shares of the specialty chemicals company’s stock after purchasing an additional 108,928 shares during the quarter. KBC Group NV’s holdings in LyondellBasell Industries were worth $46,421,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LYB. Pacer Advisors Inc. raised its holdings in LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares during the period. Dimensional Fund Advisors LP grew its stake in LyondellBasell Industries by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after buying an additional 170,464 shares during the period. Capital World Investors increased its position in shares of LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after acquiring an additional 6,760 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of LyondellBasell Industries by 0.4% during the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock valued at $87,512,000 after acquiring an additional 3,394 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LYB shares. Barclays lowered their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Royal Bank of Canada lowered their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Mizuho reduced their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Trading Down 1.1 %

LYB opened at $82.56 on Friday. The stock has a market capitalization of $26.81 billion, a PE ratio of 12.57, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 12-month low of $82.20 and a 12-month high of $107.02. The firm’s fifty day moving average price is $91.58 and its 200 day moving average price is $95.15.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.46 EPS. As a group, research analysts expect that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Company 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.