Oppenheimer Asset Management Inc. Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Oppenheimer Asset Management Inc. boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 15.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,432 shares of the specialty chemicals company’s stock after purchasing an additional 320 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in LyondellBasell Industries were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. CVA Family Office LLC raised its holdings in LyondellBasell Industries by 155.9% in 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 in the last quarter. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Matrix Trust Co bought a new position in shares of LyondellBasell Industries during the third quarter worth about $30,000. Blue Trust Inc. grew its stake in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the third quarter valued at about $31,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Barclays lowered 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 note on Monday, November 4th. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Finally, Piper Sandler cut their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Trading Up 0.3 %

Shares of LYB stock opened at $82.48 on Thursday. The firm has a market capitalization of $26.79 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 1 year low of $81.45 and a 1 year high of $107.02. The stock has a fifty day moving average of $90.44 and a two-hundred day moving average of $94.55.

LyondellBasell Industries (NYSE:LYB) last announced its 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 during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $2.46 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts expect that LyondellBasell Industries will post 7.09 EPS 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.