10,059 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) in the third quarter, Holdings Channel reports. The firm bought 10,059 shares of the specialty chemicals company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LYB. Orion Portfolio Solutions LLC lifted its stake in LyondellBasell Industries by 179.6% in the first quarter. Orion Portfolio Solutions LLC now owns 13,823 shares of the specialty chemicals company’s stock valued at $1,414,000 after buying an additional 8,879 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $219,000. M&G Plc acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at approximately $3,801,000. Ontario Teachers Pension Plan Board bought a new position in LyondellBasell Industries during the 1st quarter worth approximately $935,000. Finally, Covestor Ltd grew its holdings in LyondellBasell Industries by 10.9% during the first quarter. Covestor Ltd now owns 1,591 shares of the specialty chemicals company’s stock valued at $163,000 after purchasing an additional 157 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of a number of recent analyst reports. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. One 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Up 0.1 %

Shares of LYB stock opened at $82.65 on Friday. The firm’s fifty day moving average price is $91.13 and its two-hundred day moving average price is $94.90. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 1 year low of $82.20 and a 1 year high of $107.02. The firm has a market capitalization of $26.84 billion, a P/E ratio of 12.58, a PEG ratio of 2.31 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for 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%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.46 EPS. On average, equities 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.