Altrius Capital Management Inc Purchases 2,048 Shares of LyondellBasell Industries (NYSE:LYB)

Altrius Capital Management Inc raised its stake in LyondellBasell Industries (NYSE:LYB) by 2.5% in the third quarter, Holdings Channel reports. The fund owned 83,836 shares of the specialty chemicals company’s stock after purchasing an additional 2,048 shares during the quarter. LyondellBasell Industries accounts for approximately 2.0% of Altrius Capital Management Inc’s investment portfolio, making the stock its 14th largest holding. Altrius Capital Management Inc’s holdings in LyondellBasell Industries were worth $8,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYB. State Board of Administration of Florida Retirement System lifted its position in shares of LyondellBasell Industries by 8.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after purchasing an additional 21,809 shares during the period. Banco Santander S.A. acquired a new position in LyondellBasell Industries during the first quarter worth $3,607,000. Foresight Capital Management Advisors Inc. bought a new stake in shares of LyondellBasell Industries in the 2nd quarter worth $1,416,000. PGGM Investments grew its stake in shares of LyondellBasell Industries by 47.9% in the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock worth $2,119,000 after acquiring an additional 7,168 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after acquiring an additional 18,311 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 0.1 %

LyondellBasell Industries stock traded down $0.11 during trading hours on Friday, reaching $82.45. The stock had a trading volume of 319,684 shares, compared to its average volume of 1,861,682. The stock has a market cap of $26.78 billion, a PE ratio of 12.65, a PEG ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a 52 week low of $82.20 and a 52 week high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The company has a fifty day simple moving average of $91.35 and a 200-day simple moving average of $95.07.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company 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%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 EPS. Analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

Analysts Set New Price Targets

LYB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada cut 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. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, Barclays cut their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries 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.