Plato Investment Management Ltd Invests $93,000 in LyondellBasell Industries (NYSE:LYB)

Plato Investment Management Ltd purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 966 shares of the specialty chemicals company’s stock, valued at approximately $93,000.

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after acquiring an additional 170,464 shares during the period. Capital World Investors grew its position in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after acquiring an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of LyondellBasell Industries by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock valued at $87,512,000 after purchasing an additional 3,394 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 0.1 %

LYB stock opened at $82.65 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 52 week low of $82.20 and a 52 week high of $107.02. The stock 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. The firm has a 50 day moving average of $91.35 and a 200 day moving average of $95.07.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $2.46 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research analyst reports. Piper Sandler dropped 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. Royal Bank of Canada dropped their price target on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday. One research 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’s stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average 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.