GSA Capital Partners LLP Invests $1.27 Million in LyondellBasell Industries (NYSE:LYB)

GSA Capital Partners LLP acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 13,256 shares of the specialty chemicals company’s stock, valued at approximately $1,271,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. CVA Family Office LLC boosted its stake in shares of 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 purchasing an additional 159 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries during the 1st quarter worth approximately $28,000. Matrix Trust Co bought a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its position in 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 acquiring an additional 227 shares during the period. Finally, Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries during the third quarter valued at $31,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective 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. Piper Sandler reduced their price target on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $82.56 on Friday. The stock’s 50 day moving average price is $91.58 and its two-hundred day moving average price is $95.15. The stock has a market capitalization of $26.81 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.33 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 52-week low of $82.20 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results 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). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The business’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries will post 7.09 earnings per share 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.