Valley Wealth Managers Inc. Trims Stock Position in LyondellBasell Industries (NYSE:LYB)

Valley Wealth Managers Inc. lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,360 shares of the specialty chemicals company’s stock after selling 564 shares during the period. Valley Wealth Managers Inc.’s holdings in LyondellBasell Industries were worth $2,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Rockland Trust Co. lifted its holdings in shares of LyondellBasell Industries by 0.9% in the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after purchasing an additional 112 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 0.5% in the third quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 116 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares in the last quarter. RDA Financial Network lifted its holdings in shares of LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 122 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of LyondellBasell Industries by 25.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Mizuho reduced their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Barclays reduced their price objective on shares of 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. Finally, Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Trading Up 0.8 %

Shares of LyondellBasell Industries stock traded up $0.67 during trading hours on Friday, hitting $83.23. The company’s stock had a trading volume of 150,925 shares, compared to its average volume of 1,861,138. LyondellBasell Industries has a 1-year low of $82.20 and a 1-year high of $107.02. The business has a fifty day moving average of $91.35 and a 200 day moving average of $95.07. The company has a market capitalization of $27.03 billion, a PE ratio of 12.65, a P/E/G ratio of 2.33 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 (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the company earned $2.46 EPS. LyondellBasell Industries’s revenue was down 2.8% on a year-over-year basis. As a group, equities analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current 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.