Altrius Capital Management Inc Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Altrius Capital Management Inc increased its position in LyondellBasell Industries (NYSE:LYB) by 2.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,836 shares of the specialty chemicals company’s stock after acquiring an additional 2,048 shares during the period. LyondellBasell Industries comprises approximately 2.0% of Altrius Capital Management Inc’s holdings, making the stock its 14th largest position. Altrius Capital Management Inc’s holdings in LyondellBasell Industries were worth $8,040,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its stake in LyondellBasell Industries by 8.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after purchasing an additional 21,809 shares during the last quarter. Banco Santander S.A. purchased a new stake in shares of LyondellBasell Industries during the first quarter valued at $3,607,000. Foresight Capital Management Advisors Inc. acquired a new position in LyondellBasell Industries during the second quarter valued at $1,416,000. PGGM Investments lifted its position in LyondellBasell Industries by 47.9% during the second quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock valued at $2,119,000 after purchasing an additional 7,168 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of LyondellBasell Industries by 6.3% in the third quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after acquiring an additional 18,311 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded down $0.11 during trading on Friday, reaching $82.45. The stock had a trading volume of 319,684 shares, compared to its average volume of 1,861,682. 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 $26.78 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 2.33 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 stock has a fifty day simple moving average of $91.35 and a two-hundred day simple 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 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.46 EPS. As a group, analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Piper Sandler dropped their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company reduced 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. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.70.

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.