Banco Santander S.A. Raises Stock Position in LyondellBasell Industries (NYSE:LYB)

Banco Santander S.A. raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,852 shares of the specialty chemicals company’s stock after purchasing an additional 3,326 shares during the period. Banco Santander S.A.’s holdings in LyondellBasell Industries were worth $3,630,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. CVA Family Office LLC boosted its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares during the last quarter. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter worth approximately $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $30,000. Blue Trust Inc. raised its stake in LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.5 %

Shares of LYB opened at $82.86 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a market cap of $26.91 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08. The company’s 50-day moving average price is $90.22 and its 200 day moving average price is $94.47. LyondellBasell Industries has a 12-month low of $81.45 and a 12-month high of $107.02.

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

Analyst Ratings Changes

LYB has been the subject of a number of recent research reports. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price target 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. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler cut their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $101.70.

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.