Prospera Private Wealth LLC Grows Position in LyondellBasell Industries (NYSE:LYB)

Prospera Private Wealth LLC raised its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,379 shares of the specialty chemicals company’s stock after buying an additional 281 shares during the period. Prospera Private Wealth LLC’s holdings in LyondellBasell Industries were worth $899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LYB. Fifth Third Wealth Advisors LLC increased its stake in LyondellBasell Industries by 101.0% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 4,295 shares of the specialty chemicals company’s stock worth $412,000 after buying an additional 2,158 shares during the period. Prospera Financial Services Inc raised its stake in shares of LyondellBasell Industries by 27.0% during the third quarter. Prospera Financial Services Inc now owns 3,145 shares of the specialty chemicals company’s stock valued at $302,000 after acquiring an additional 668 shares in the last quarter. Verity & Verity LLC boosted its holdings in shares of LyondellBasell Industries by 18.5% in the third quarter. Verity & Verity LLC now owns 134,611 shares of the specialty chemicals company’s stock valued at $12,909,000 after purchasing an additional 21,002 shares during the period. Caprock Group LLC grew its stake in LyondellBasell Industries by 29.0% in the third quarter. Caprock Group LLC now owns 3,788 shares of the specialty chemicals company’s stock worth $363,000 after purchasing an additional 851 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in LyondellBasell Industries by 8.2% during the 3rd quarter. Pathstone Holdings LLC now owns 41,981 shares of the specialty chemicals company’s stock worth $4,026,000 after purchasing an additional 3,197 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYB has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Piper Sandler cut their target price 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. Royal Bank of Canada dropped their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Mizuho lowered their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Trading Down 1.2 %

NYSE:LYB opened at $82.20 on Wednesday. The company has a market capitalization of $26.70 billion, a P/E ratio of 12.51, a PEG ratio of 2.31 and a beta of 1.08. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12 month low of $81.91 and a 12 month high of $107.02. The firm has a fifty day simple moving average of $90.67 and a 200-day simple moving average of $94.64.

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