RIA Advisory Group LLC Takes Position in LyondellBasell Industries (NYSE:LYB)

RIA Advisory Group LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,824 shares of the specialty chemicals company’s stock, valued at approximately $367,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Pacer Advisors Inc. lifted its stake in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after purchasing an additional 170,464 shares during the period. Capital World Investors lifted its position in shares of LyondellBasell Industries by 28.9% during 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 period. Envestnet Asset Management Inc. increased its stake in shares of LyondellBasell Industries by 0.6% during the 2nd 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 in the last quarter. Finally, Raymond James & Associates increased its stake in shares of LyondellBasell Industries by 0.4% during the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after purchasing an additional 3,394 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $0.09 during trading hours on Friday, hitting $82.65. The stock had a trading volume of 2,236,451 shares, compared to its average volume of 1,870,532. The stock’s fifty day simple moving average is $91.13 and its 200 day simple moving average is $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. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $82.20 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business 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 company’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.46 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on LYB. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Piper Sandler cut their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Barclays reduced their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target 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.