LyondellBasell Industries NV (LYB) Shares Sold by Smith Salley & Associates

Smith Salley & Associates trimmed its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 2.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,157 shares of the specialty chemicals company’s stock after selling 1,653 shares during the period. LyondellBasell Industries accounts for 1.3% of Smith Salley & Associates’ portfolio, making the stock its 25th largest holding. Smith Salley & Associates’ holdings in LyondellBasell Industries were worth $8,319,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Gryphon Financial Partners LLC lifted its holdings in LyondellBasell Industries by 3.1% during the 3rd quarter. Gryphon Financial Partners LLC now owns 19,042 shares of the specialty chemicals company’s stock valued at $1,952,000 after buying an additional 575 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in LyondellBasell Industries during the 3rd quarter valued at about $189,804,000. Regal Investment Advisors LLC lifted its holdings in LyondellBasell Industries by 33.9% during the 3rd quarter. Regal Investment Advisors LLC now owns 2,877 shares of the specialty chemicals company’s stock valued at $295,000 after buying an additional 728 shares in the last quarter. FTB Advisors Inc. lifted its holdings in LyondellBasell Industries by 0.8% during the 3rd quarter. FTB Advisors Inc. now owns 67,009 shares of the specialty chemicals company’s stock valued at $7,692,000 after buying an additional 557 shares in the last quarter. Finally, Brookstone Capital Management lifted its holdings in LyondellBasell Industries by 1.9% during the 3rd quarter. Brookstone Capital Management now owns 43,895 shares of the specialty chemicals company’s stock valued at $4,500,000 after buying an additional 813 shares in the last quarter. 72.28% of the stock is owned by institutional investors.

NYSE LYB opened at $96.06 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.09 and a debt-to-equity ratio of 0.67. The stock has a market cap of $37.16 billion, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. LyondellBasell Industries NV has a one year low of $85.60 and a one year high of $121.95.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.28. The business had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The company’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.67 EPS. On average, equities research analysts expect that LyondellBasell Industries NV will post 11.89 EPS for the current year.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc bought 1,602,455 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $95.65 per share, with a total value of $153,274,820.75. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 2,209,263 shares of company stock worth $209,013,494 in the last three months. Insiders own 0.09% of the company’s stock.

A number of brokerages recently weighed in on LYB. ValuEngine lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. BNP Paribas began coverage on shares of LyondellBasell Industries in a report on Tuesday, October 2nd. They set an “outperform” rating and a $129.00 price objective for the company. Cowen lifted their price objective on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Friday, August 10th. JPMorgan Chase & Co. lowered shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $110.00 to $95.00 in a report on Wednesday, September 19th. Finally, Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $117.70.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

Further Reading: Fundamental Analysis and Individual Investors

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

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