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

First Horizon Advisors Inc. raised its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 4.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 299,811 shares of the specialty chemicals company's stock after buying an additional 13,179 shares during the period. First Horizon Advisors Inc. owned about 0.09% of LyondellBasell Industries worth $28,752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital World Investors grew its holdings 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 valued at $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in LyondellBasell Industries in the 1st quarter worth $61,327,000. Pacer Advisors Inc. lifted its position in LyondellBasell Industries by 13.6% during 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 during the last quarter. Ensign Peak Advisors Inc boosted its holdings in LyondellBasell Industries by 80.7% during the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company's stock valued at $74,523,000 after acquiring an additional 347,877 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at about $17,683,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 0.3 %

Shares of LyondellBasell Industries stock traded up $0.28 on Wednesday, hitting $82.48. 2,305,875 shares of the company's stock traded hands, compared to its average volume of 1,873,961. The company has a market capitalization of $26.79 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 company has a fifty day moving average of $90.67 and a two-hundred day moving average of $94.64. 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 has a one year low of $81.45 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly 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). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the firm posted $2.46 EPS. LyondellBasell Industries's revenue for the quarter was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research analyst reports. 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 report on Tuesday, November 5th. Royal Bank of Canada cut their target price on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $101.70.

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.