Ashton Thomas Private Wealth LLC Sells 621 Shares of LyondellBasell Industries (NYSE:LYB)

Ashton Thomas Private Wealth LLC decreased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 12.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,287 shares of the specialty chemicals company’s stock after selling 621 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in LyondellBasell Industries were worth $411,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LYB. CVA Family Office LLC lifted its stake 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 purchasing an additional 159 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter worth about $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter worth about $30,000. Blue Trust Inc. boosted its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LYB opened at $82.56 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $91.58 and a 200 day moving average of $95.15. LyondellBasell Industries has a 52-week low of $82.20 and a 52-week high of $107.02. The stock has a market cap of $26.81 billion, a P/E ratio of 12.57, a PEG ratio of 2.33 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business earned $2.46 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current year.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent research reports. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. dropped their price objective 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. Deutsche Bank Aktiengesellschaft decreased their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently 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.