Verity & Verity LLC Purchases 21,002 Shares of LyondellBasell Industries (NYSE:LYB)

Verity & Verity LLC boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 18.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,611 shares of the specialty chemicals company's stock after acquiring an additional 21,002 shares during the period. Verity & Verity LLC's holdings in LyondellBasell Industries were worth $12,909,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital World Investors increased its holdings in LyondellBasell Industries by 28.9% during the 1st 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 period. Ilex Capital Partners UK LLP purchased a new position in shares of LyondellBasell Industries during the first quarter valued at approximately $61,327,000. Pacer Advisors Inc. raised 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 valued at $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Ensign Peak Advisors Inc lifted its stake in LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company's stock worth $74,523,000 after acquiring an additional 347,877 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in LyondellBasell Industries in the second quarter valued at $17,683,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on LYB shares. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Mizuho reduced their target price on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Piper Sandler lowered their target price 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, Deutsche Bank Aktiengesellschaft reduced their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.70.

LyondellBasell Industries Stock Down 1.2 %

Shares of LyondellBasell Industries stock traded down $1.00 on Tuesday, reaching $82.20. The company's stock had a trading volume of 2,202,520 shares, compared to its average volume of 1,871,310. The company has a market capitalization of $26.70 billion, a price-to-earnings ratio of 12.51, a P/E/G ratio of 2.31 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 52 week low of $81.91 and a 52 week high of $107.02. The firm's fifty day simple moving average is $90.67 and its two-hundred day simple moving average is $94.64.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current year.

About LyondellBasell Industries

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.