GSA Capital Partners LLP Takes Position in LyondellBasell Industries (NYSE:LYB)

GSA Capital Partners LLP bought a new stake in LyondellBasell Industries (NYSE:LYB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,256 shares of the specialty chemicals company’s stock, valued at approximately $1,271,000.

A number of other institutional investors have also recently bought and sold shares of the business. State Board of Administration of Florida Retirement System boosted its stake in shares of LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after acquiring an additional 21,809 shares during the period. Banco Santander S.A. acquired a new position in shares of LyondellBasell Industries in the first quarter valued at $3,607,000. Foresight Capital Management Advisors Inc. bought a new position in shares of LyondellBasell Industries in the second quarter valued at about $1,416,000. PGGM Investments lifted its stake in shares of LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock worth $2,119,000 after buying an additional 7,168 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of several research analyst reports. Mizuho lowered their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock 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 decreased their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. 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 report on Monday, November 4th. Finally, Royal Bank of Canada decreased their price target 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. One 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.com, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Stock Down 1.1 %

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

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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). The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.46 earnings per share. Equities analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

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.