Smith Salley & Associates cut its stake in LyondellBasell Industries NV (NYSE:LYB) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 81,157 shares of the specialty chemicals company’s stock after selling 1,653 shares during the period. LyondellBasell Industries comprises 1.3% of Smith Salley & Associates’ holdings, making the stock its 25th largest position. Smith Salley & Associates’ holdings in LyondellBasell Industries were worth $8,319,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LYB. Gryphon Financial Partners LLC lifted its stake in shares of LyondellBasell Industries by 3.1% in 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 purchasing an additional 575 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in LyondellBasell Industries in the 3rd quarter worth $189,804,000. Regal Investment Advisors LLC increased its holdings in LyondellBasell Industries by 33.9% in the 3rd quarter. Regal Investment Advisors LLC now owns 2,877 shares of the specialty chemicals company’s stock worth $295,000 after acquiring an additional 728 shares in the last quarter. FTB Advisors Inc. increased its holdings in LyondellBasell Industries by 0.8% in the 3rd quarter. FTB Advisors Inc. now owns 67,009 shares of the specialty chemicals company’s stock worth $7,692,000 after acquiring an additional 557 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in LyondellBasell Industries by 1.9% in the 3rd quarter. Brookstone Capital Management now owns 43,895 shares of the specialty chemicals company’s stock worth $4,500,000 after acquiring an additional 813 shares in the last quarter. Institutional investors own 72.28% of the company’s stock.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc bought 1,602,455 shares of the company’s stock in a transaction dated Thursday, November 8th. The stock was acquired at an average price of $95.65 per share, with a total value of $153,274,820.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 2,209,263 shares of company stock valued at $209,013,494 in the last ninety days. Insiders own 0.09% of the company’s stock.

Several brokerages recently commented on LYB. Zacks Investment Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $111.00 to $112.00 and gave the stock a “market perform” rating in a report on Tuesday, August 7th. Cowen boosted their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a report on Friday, August 10th. BNP Paribas began coverage on shares of LyondellBasell Industries in a report on Tuesday, October 2nd. They issued an “outperform” rating and a $129.00 price target for the company. Finally, Standpoint Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $117.70.

LyondellBasell Industries stock opened at $96.06 on Friday. LyondellBasell Industries NV has a 52-week low of $85.60 and a 52-week high of $121.95. The firm has a market cap of $37.16 billion, a PE ratio of 9.39, a price-to-earnings-growth ratio of 0.86 and a beta of 1.24. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business had revenue of $10.16 billion during the quarter, compared to analyst estimates of $9.95 billion. During the same quarter in the prior year, the firm earned $2.67 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries NV will post 11.89 EPS for the current fiscal year.

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LyondellBasell Industries 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.

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

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