Empowered Funds LLC Has $6.45 Million Stock Position in LyondellBasell Industries N.V. $LYB

Empowered Funds LLC lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 11.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 111,540 shares of the specialty chemicals company’s stock after selling 14,794 shares during the period. Empowered Funds LLC’s holdings in LyondellBasell Industries were worth $6,454,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after acquiring an additional 657,443 shares during the period. Geode Capital Management LLC increased its position in shares of LyondellBasell Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock worth $395,486,000 after purchasing an additional 24,161 shares in the last quarter. Invesco Ltd. lifted its holdings in LyondellBasell Industries by 10.4% during the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after purchasing an additional 606,234 shares during the last quarter. Federated Hermes Inc. boosted its position in LyondellBasell Industries by 12.7% in the first quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock valued at $333,994,000 after buying an additional 534,456 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in LyondellBasell Industries by 12.8% during the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock worth $316,113,000 after buying an additional 509,996 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on LYB shares. Rothschild & Co Redburn cut their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Bank of America reduced their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Mizuho set a $52.00 target price on LyondellBasell Industries in a report on Monday, November 3rd. Citigroup cut their price target on LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.19.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the acquisition, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This represents a 9.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Down 0.5%

LYB stock opened at $42.55 on Friday. The business has a fifty day moving average of $47.30 and a 200-day moving average of $54.18. The company has a market cap of $13.70 billion, a P/E ratio of 55.26 and a beta of 0.87. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $85.25. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the company earned $1.88 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current 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.