LyondellBasell Industries (NYSE:LYB) Shares Sold by Gyroscope Capital Management Group LLC

Gyroscope Capital Management Group LLC trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,547 shares of the specialty chemicals company’s stock after selling 3,207 shares during the quarter. LyondellBasell Industries makes up approximately 2.5% of Gyroscope Capital Management Group LLC’s investment portfolio, making the stock its 12th largest position. Gyroscope Capital Management Group LLC’s holdings in LyondellBasell Industries were worth $5,466,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Capital International Investors raised its stake in shares of LyondellBasell Industries by 123.1% during the 1st quarter. Capital International Investors now owns 24,419,983 shares of the specialty chemicals company’s stock worth $1,211,964,000 after buying an additional 13,474,442 shares during the period. Capital World Investors increased its position in shares of LyondellBasell Industries by 0.7% during the first quarter. Capital World Investors now owns 22,217,692 shares of the specialty chemicals company’s stock worth $1,102,664,000 after purchasing an additional 145,460 shares in the last quarter. FMR LLC increased its position in shares of LyondellBasell Industries by 42.0% during the second quarter. FMR LLC now owns 4,181,694 shares of the specialty chemicals company’s stock worth $274,821,000 after purchasing an additional 1,236,101 shares in the last quarter. LSV Asset Management increased its position in shares of LyondellBasell Industries by 0.6% during the second quarter. LSV Asset Management now owns 3,600,810 shares of the specialty chemicals company’s stock worth $236,645,000 after purchasing an additional 20,842 shares in the last quarter. Finally, Ensign Peak Advisors Inc increased its position in shares of LyondellBasell Industries by 25.9% during the second quarter. Ensign Peak Advisors Inc now owns 2,179,674 shares of the specialty chemicals company’s stock worth $143,249,000 after purchasing an additional 448,142 shares in the last quarter. 66.81% of the stock is owned by institutional investors and hedge funds.

LYB opened at $77.01 on Friday. The stock’s 50-day moving average price is $73.45 and its 200 day moving average price is $64.96. LyondellBasell Industries has a 12-month low of $33.71 and a 12-month high of $98.91. The company has a current ratio of 2.36, a quick ratio of 1.51 and a debt-to-equity ratio of 1.85. The firm has a market cap of $25.71 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 2.38 and a beta of 1.47.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. LyondellBasell Industries had a return on equity of 29.99% and a net margin of 6.79%. The firm had revenue of $5.55 billion for the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the prior year, the company earned $2.74 EPS. LyondellBasell Industries’s revenue was down 38.7% on a year-over-year basis. On average, research analysts forecast that LyondellBasell Industries will post 4.82 earnings per share for the current year.

Several analysts recently commented on the company. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $62.00 to $88.00 in a research report on Friday, September 11th. Truist boosted their price target on LyondellBasell Industries from $60.00 to $75.00 in a research report on Tuesday, October 6th. BMO Capital Markets boosted their price target on LyondellBasell Industries from $66.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Jefferies Financial Group upped their target price on LyondellBasell Industries from $69.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, June 25th. Finally, Citigroup cut LyondellBasell Industries from a “buy” rating to a “neutral” rating and upped their target price for the company from $60.00 to $64.00 in a report on Monday, June 29th. Seventeen research analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $74.30.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsÂAmericas; Olefins and PolyolefinsÂEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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