Venturi Wealth Management LLC Lowers Stock Position in LyondellBasell Industries (NYSE:LYB)

Venturi Wealth Management LLC decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 76.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401 shares of the specialty chemicals company’s stock after selling 1,302 shares during the quarter. Venturi Wealth Management LLC’s holdings in LyondellBasell Industries were worth $38,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Banco Santander S.A. purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at about $3,607,000. Foresight Capital Management Advisors Inc. acquired a new stake in LyondellBasell Industries during the 2nd quarter worth approximately $1,416,000. Principal Financial Group Inc. grew its stake in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after purchasing an additional 18,311 shares during the last quarter. PGGM Investments grew its stake in shares of LyondellBasell Industries by 47.9% in the 2nd 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 last quarter. Finally, Capital World Investors raised its stake in shares of 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 worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.1 %

LyondellBasell Industries stock opened at $82.65 on Friday. LyondellBasell Industries has a fifty-two week low of $82.20 and a fifty-two week high of $107.02. The firm has a market capitalization of $26.84 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The stock’s fifty day moving average is $91.35 and its two-hundred day moving average is $95.07. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last announced 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). 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue was down 2.8% on a year-over-year basis. Analysts predict that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

Analysts Set New Price Targets

LYB has been the topic of several recent research reports. Piper Sandler dropped 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 dropped their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Barclays dropped their target price on 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. Finally, Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One equities 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.