Foundry Partners LLC Sells 998 Shares of LyondellBasell Industries (NYSE:LYB)

Foundry Partners LLC cut its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.6% during the 3rd quarter, Holdings Channel reports. The fund owned 163,204 shares of the specialty chemicals company’s stock after selling 998 shares during the period. Foundry Partners LLC’s holdings in LyondellBasell Industries were worth $15,651,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 13.6% in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors raised its holdings in shares of LyondellBasell Industries by 28.9% in 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 during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 valued at $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates raised its holdings 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 valued at $87,512,000 after purchasing an additional 3,394 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

LYB opened at $82.48 on Thursday. The company has a market capitalization of $26.79 billion, a price-to-earnings ratio of 12.55, a PEG 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. The firm has a 50-day moving average price of $90.44 and a 200-day moving average price of $94.55. LyondellBasell Industries has a twelve month low of $81.45 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its 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). 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 quarter in the previous year, the business earned $2.46 EPS. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho lowered 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. Barclays decreased 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 report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock 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.