Natixis Advisors LLC Increases Stake in LyondellBasell Industries (NYSE:LYB)

Natixis Advisors LLC increased its position in LyondellBasell Industries (NYSE:LYB) by 8.4% in the third quarter, Holdings Channel.com reports. The fund owned 108,009 shares of the specialty chemicals company’s stock after acquiring an additional 8,331 shares during the quarter. Natixis Advisors LLC’s holdings in LyondellBasell Industries were worth $10,358,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in LYB. Capital World Investors raised its position in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after purchasing an additional 600,554 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in LyondellBasell Industries in the first quarter worth $61,327,000. Pacer Advisors Inc. increased its position in shares of 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 valued at $461,930,000 after buying an additional 579,300 shares during the period. Ensign Peak Advisors Inc raised its position in shares of LyondellBasell Industries by 80.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after acquiring an additional 347,877 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in LyondellBasell Industries during the second quarter valued at $17,683,000. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on LYB. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced 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. Piper Sandler lowered their price objective 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. Mizuho reduced their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, Barclays cut their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $82.86 on Friday. The business’s 50-day simple moving average is $90.22 and its two-hundred day simple moving average is $94.47. LyondellBasell Industries has a 52 week low of $81.45 and a 52 week high of $107.02. The stock has a market cap of $26.91 billion, a PE ratio of 12.61, a P/E/G ratio of 2.30 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.

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

LyondellBasell Industries Company 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.