KCM Investment Advisors LLC Buys 203 Shares of LyondellBasell Industries (NYSE:LYB)

KCM Investment Advisors LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 4.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,876 shares of the specialty chemicals company’s stock after acquiring an additional 203 shares during the quarter. KCM Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $468,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LYB. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of LyondellBasell Industries by 237.5% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,068 shares of the specialty chemicals company’s stock worth $8,292,000 after buying an additional 57,048 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of LyondellBasell Industries by 179.6% during the 1st quarter. Orion Portfolio Solutions LLC now owns 13,823 shares of the specialty chemicals company’s stock worth $1,414,000 after buying an additional 8,879 shares during the last quarter. Tocqueville Asset Management L.P. bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $219,000. Banco Santander S.A. bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $3,607,000. Finally, M&G Plc bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $3,801,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 0.1 %

Shares of NYSE:LYB opened at $82.65 on Friday. The business’s 50 day simple moving average is $91.13 and its two-hundred day simple moving average is $94.93. The firm has a market cap of $26.84 billion, a P/E ratio of 12.58, a PEG ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 52-week low of $82.20 and a 52-week high of $107.02.

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

Analyst Upgrades and Downgrades

Several research firms have commented on LYB. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft dropped their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Mizuho dropped their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $101.70.

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.