Aviance Capital Partners LLC Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Aviance Capital Partners LLC grew its position in shares of LyondellBasell Industries (NYSE:LYB) by 10.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,013 shares of the specialty chemicals company’s stock after buying an additional 1,327 shares during the quarter. Aviance Capital Partners LLC’s holdings in LyondellBasell Industries were worth $1,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LYB. CVA Family Office LLC raised its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the period. Beacon Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. Matrix Trust Co bought a new position in LyondellBasell Industries during the third quarter valued at $30,000. Blue Trust Inc. raised its position 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 during the period. Finally, Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $31,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LYB opened at $83.20 on Tuesday. The firm has a market cap of $27.02 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 2.31 and a beta of 1.08. The company has a fifty day simple moving average of $90.90 and a 200 day simple moving average of $94.76. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a twelve month low of $82.20 and a twelve month high of $107.02.

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 firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 EPS. Equities research analysts expect that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LYB has been the topic of a number of recent research reports. Barclays dropped their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $101.70.

About LyondellBasell Industries

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.