Sumitomo Mitsui Trust Group Inc. Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Sumitomo Mitsui Trust Group Inc. boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 746,660 shares of the specialty chemicals company's stock after acquiring an additional 10,611 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.23% of LyondellBasell Industries worth $71,605,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CVA Family Office LLC increased its position in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares during the last quarter. Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth $28,000. Matrix Trust Co purchased a new position in shares of LyondellBasell Industries during the third quarter worth about $30,000. Blue Trust Inc. increased its holdings in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 227 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth about $31,000. Institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays decreased their target price on shares of 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. 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 report on Monday, November 4th. Royal Bank of Canada cut their price target on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Mizuho cut their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler decreased their target price on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. One equities research 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 MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $101.70.

LyondellBasell Industries Stock Performance

NYSE LYB traded up $0.09 on Friday, reaching $82.65. 2,235,239 shares of the stock were exchanged, compared to its average volume of 1,870,532. LyondellBasell Industries has a one year low of $82.20 and a one 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 firm has a market capitalization of $26.84 billion, a PE ratio of 12.65, a PEG ratio of 2.33 and a beta of 1.08. The company's 50-day simple moving average is $91.35 and its two-hundred day simple moving average is $95.07.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results 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 firm 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 quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. Analysts expect 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.