First Horizon Advisors Inc. Grows Position in LyondellBasell Industries (NYSE:LYB)

First Horizon Advisors Inc. boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 299,811 shares of the specialty chemicals company’s stock after purchasing an additional 13,179 shares during the quarter. First Horizon Advisors Inc.’s holdings in LyondellBasell Industries were worth $28,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. grew its position in shares of LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LyondellBasell Industries by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after buying an additional 170,464 shares in the last quarter. Capital World Investors raised its stake in shares of LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of LyondellBasell Industries by 0.6% during 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 purchasing an additional 6,760 shares during the period. Finally, Raymond James & Associates grew its holdings in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock valued at $87,512,000 after buying an additional 3,394 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $82.20 on Wednesday. The firm has a market cap of $26.70 billion, a price-to-earnings ratio of 12.51, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The stock’s 50-day moving average is $90.67 and its 200-day moving average is $94.64. LyondellBasell Industries has a one year low of $81.91 and a one year high of $107.02. 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 (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 analysts’ consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.46 EPS. Equities analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LYB shares. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, November 14th. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Barclays lowered their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $101.70.

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.