Aviance Capital Partners LLC Acquires 1,327 Shares of LyondellBasell Industries (NYSE:LYB)

Aviance Capital Partners LLC raised its position in shares of LyondellBasell Industries (NYSE:LYB) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,013 shares of the specialty chemicals company’s stock after acquiring an additional 1,327 shares during the period. Aviance Capital Partners LLC’s holdings in LyondellBasell Industries were worth $1,344,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LYB. CVA Family Office LLC increased its stake in 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 period. Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries during the first quarter worth $28,000. Matrix Trust Co bought a new stake in LyondellBasell Industries in the 3rd quarter valued at $30,000. Blue Trust Inc. raised its stake 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 valued at $31,000 after buying an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $31,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $83.20 on Tuesday. The company has a market capitalization of $27.02 billion, a P/E ratio of 12.66, a P/E/G ratio of 2.31 and a beta of 1.08. 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 1 year low of $82.20 and a 1 year high of $107.02. The business has a 50 day moving average of $90.90 and a 200-day moving average of $94.76.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm posted $2.46 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities research analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LYB shares. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Barclays cut their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Piper Sandler cut their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.70.

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.