Integrated Investment Consultants LLC Purchases New Shares in LyondellBasell Industries (NYSE:LYB)

Integrated Investment Consultants LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,466 shares of the specialty chemicals company’s stock, valued at approximately $1,387,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital World Investors raised its stake in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of LyondellBasell Industries during the first quarter worth $61,327,000. Pacer Advisors Inc. raised its position in shares of 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 last quarter. Ensign Peak Advisors Inc lifted its stake in shares of LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after buying an additional 347,877 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in LyondellBasell Industries during the second quarter worth about $17,683,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.3 %

Shares of NYSE LYB opened at $82.48 on Thursday. LyondellBasell Industries has a 52-week low of $81.45 and a 52-week high of $107.02. The business’s 50 day moving average is $90.44 and its two-hundred day moving average is $94.55. The firm has a market cap of $26.79 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 2.30 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last posted its 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 for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 EPS. Research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on LYB shares. Royal Bank of Canada cut their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $101.70.

About LyondellBasell Industries

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.