Apollon Wealth Management LLC Purchases 359 Shares of LyondellBasell Industries (NYSE:LYB)

Apollon Wealth Management LLC raised its position in LyondellBasell Industries (NYSE:LYB) by 11.4% during the third quarter, Holdings Channel reports. The fund owned 3,519 shares of the specialty chemicals company’s stock after acquiring an additional 359 shares during the period. Apollon Wealth Management LLC’s holdings in LyondellBasell Industries were worth $338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its position in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in LyondellBasell Industries in the first quarter worth about $28,000. Matrix Trust Co purchased a new stake in LyondellBasell Industries in the third quarter worth about $30,000. Blue Trust Inc. increased its position in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries in the third quarter worth about $31,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of a number of analyst reports. Mizuho reduced their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their target price 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. Finally, Piper Sandler cut their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $82.65 on Monday. The stock has a market capitalization of $26.84 billion, a PE ratio of 12.58, a P/E/G ratio of 2.31 and a beta of 1.08. The business has a 50 day simple moving average of $91.13 and a two-hundred day simple moving average of $94.87. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 1-year low of $82.20 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.46 EPS. On average, research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current fiscal 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.