Metis Global Partners LLC Sells 6,221 Shares of LyondellBasell Industries (NYSE:LYB)

Metis Global Partners LLC trimmed its holdings in LyondellBasell Industries (NYSE:LYB) by 42.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,277 shares of the specialty chemicals company’s stock after selling 6,221 shares during the quarter. Metis Global Partners LLC’s holdings in LyondellBasell Industries were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of LYB. Pacer Advisors Inc. increased its stake 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 purchasing an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 buying an additional 170,464 shares in the last quarter. Capital World Investors raised its stake 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 buying an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in LyondellBasell Industries by 0.6% in 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 acquiring an additional 6,760 shares in the last quarter. Finally, Raymond James & Associates grew its stake in shares of LyondellBasell Industries by 0.4% in the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after acquiring an additional 3,394 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LYB shares. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Mizuho lowered their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Royal Bank of Canada reduced their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Up 0.1 %

LyondellBasell Industries stock opened at $82.65 on Monday. The stock has a market cap of $26.84 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. 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 stock has a fifty day moving average of $91.13 and a 200 day moving average of $94.87. LyondellBasell Industries has a one year low of $82.20 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during 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%. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $2.46 EPS. As a group, sell-side analysts predict that LyondellBasell Industries will post 7.09 EPS for the current year.

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.