Empowered Funds LLC Purchases 29,525 Shares of LyondellBasell Industries (NYSE:LYB)

Empowered Funds LLC increased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 46.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,683 shares of the specialty chemicals company's stock after buying an additional 29,525 shares during the period. Empowered Funds LLC's holdings in LyondellBasell Industries were worth $8,984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock worth $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in LyondellBasell Industries by 3.8% during 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 in the last quarter. Capital World Investors lifted its stake in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of LyondellBasell Industries by 0.6% in the 2nd 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 in the last quarter. Finally, Raymond James & Associates increased its position in shares of LyondellBasell Industries by 0.4% during the 3rd 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 currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho cut their target price on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. Piper Sandler dropped their price target on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Finally, Barclays dropped their target price on shares of 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. 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. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of "Hold" and an average price target of $101.70.

LyondellBasell Industries Stock Up 0.1 %

LyondellBasell Industries stock traded up $0.09 during trading hours on Friday, hitting $82.65. The stock had a trading volume of 2,236,451 shares, compared to its average volume of 1,870,532. The stock's 50-day moving average price is $91.13 and its 200-day moving average price is $94.93. LyondellBasell Industries has a 12-month low of $82.20 and a 12-month high of $107.02. 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 stock has a market capitalization of $26.84 billion, a P/E ratio of 12.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries's revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 EPS. Equities research analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current fiscal 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.