Charles Schwab Investment Management Inc. Has $769.50 Million Position in LyondellBasell Industries (NYSE:LYB)

Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,023,982 shares of the specialty chemicals company’s stock after acquiring an additional 362,671 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.47% of LyondellBasell Industries worth $769,500,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Banco Santander S.A. lifted its holdings in LyondellBasell Industries by 9.6% during the 3rd quarter. Banco Santander S.A. now owns 37,852 shares of the specialty chemicals company’s stock valued at $3,630,000 after purchasing an additional 3,326 shares during the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter worth approximately $1,387,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in LyondellBasell Industries by 12.7% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 104,593 shares of the specialty chemicals company’s stock worth $10,030,000 after acquiring an additional 11,825 shares during the last quarter. Moors & Cabot Inc. raised its position in LyondellBasell Industries by 16.7% in the 3rd quarter. Moors & Cabot Inc. now owns 3,304 shares of the specialty chemicals company’s stock valued at $317,000 after purchasing an additional 473 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in LyondellBasell Industries by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 299,811 shares of the specialty chemicals company’s stock worth $28,752,000 after purchasing an additional 13,179 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

LYB opened at $82.86 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The business’s 50-day simple moving average is $90.22 and its 200 day simple moving average is $94.47. The firm has a market capitalization of $26.91 billion, a PE ratio of 12.61, a PEG ratio of 2.30 and a beta of 1.08. LyondellBasell Industries has a 52-week low of $81.45 and a 52-week high of $107.02.

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

Analyst Ratings Changes

A number of equities research analysts have commented on LYB shares. Mizuho decreased their price objective 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. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Piper Sandler cut their price target on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average 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.