Empowered Funds LLC Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Empowered Funds LLC lifted its holdings in LyondellBasell Industries (NYSE:LYB) by 46.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,683 shares of the specialty chemicals company’s stock after acquiring an additional 29,525 shares during the period. Empowered Funds LLC’s holdings in LyondellBasell Industries were worth $8,984,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC lifted its stake in shares of LyondellBasell Industries by 155.9% during the third 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 during the 1st quarter valued at about $28,000. Matrix Trust Co purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.1 %

NYSE LYB opened at $82.65 on Friday. The firm has a market capitalization of $26.84 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a one year low of $82.20 and a one year high of $107.02. The company has a 50-day simple moving average of $91.13 and a 200-day simple moving average of $94.93. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last posted its 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). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company posted $2.46 earnings per share. On average, equities analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on LYB. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Barclays dropped 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. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note 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 MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.