KBC Group NV Has $46.42 Million Position in LyondellBasell Industries (NYSE:LYB)

KBC Group NV raised its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 29.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 484,058 shares of the specialty chemicals company's stock after acquiring an additional 108,928 shares during the quarter. KBC Group NV owned approximately 0.15% of LyondellBasell Industries worth $46,421,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System boosted its stake in LyondellBasell Industries by 8.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company's stock valued at $26,512,000 after buying an additional 21,809 shares in the last quarter. Banco Santander S.A. purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth about $3,607,000. Foresight Capital Management Advisors Inc. purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $1,416,000. PGGM Investments boosted its holdings in LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company's stock valued at $2,119,000 after acquiring an additional 7,168 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after acquiring an additional 18,311 shares during the period. 71.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays reduced 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. Mizuho dropped their target price on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a research report on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut their target price on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $101.70.

LyondellBasell Industries Stock Performance

LYB stock traded up $0.09 on Friday, hitting $82.65. The company's stock had a trading volume of 2,235,239 shares, compared to its average volume of 1,870,532. The firm has a 50 day moving average of $91.35 and a two-hundred day moving average of $95.07. LyondellBasell Industries has a 1 year low of $82.20 and a 1 year high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 12.65, 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 quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 EPS. 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.