Concord Asset Management LLC VA Grows Holdings in LyondellBasell Industries (NYSE:LYB)

Concord Asset Management LLC VA increased its position in LyondellBasell Industries (NYSE:LYB) by 9.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,954 shares of the specialty chemicals company’s stock after purchasing an additional 443 shares during the period. Concord Asset Management LLC VA’s holdings in LyondellBasell Industries were worth $475,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. CVA Family Office LLC boosted 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 bought a new position in LyondellBasell Industries in the 1st quarter worth about $28,000. Blue Trust Inc. boosted its stake 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 purchasing an additional 227 shares in the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries in the 3rd quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the 3rd quarter worth about $31,000. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of a number of analyst reports. Mizuho dropped their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of 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 lowered 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 note on Friday, November 8th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Price Performance

NYSE LYB opened at $82.65 on Friday. LyondellBasell Industries has a 52 week low of $82.20 and a 52 week high of $107.02. The firm has a market capitalization of $26.84 billion, a P/E ratio of 12.58, a PEG ratio of 2.31 and a beta of 1.08. 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 company has a 50-day moving average price of $91.13 and a 200-day moving average price of $94.90.

LyondellBasell Industries (NYSE:LYB) last released 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). The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.46 EPS. 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.