Bell Bank Buys 16,027 Shares of LyondellBasell Industries (NYSE:LYB)

Bell Bank boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,800 shares of the specialty chemicals company’s stock after purchasing an additional 16,027 shares during the quarter. Bell Bank’s holdings in LyondellBasell Industries were worth $7,041,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Advisory Group Advisory Services LLC bought a new stake in LyondellBasell Industries in the 4th quarter valued at $506,000. Allianz Asset Management GmbH grew its holdings in shares of LyondellBasell Industries by 40.0% during the fourth quarter. Allianz Asset Management GmbH now owns 947,614 shares of the specialty chemicals company’s stock worth $70,379,000 after buying an additional 270,694 shares in the last quarter. Waterfront Wealth Inc. bought a new stake in shares of LyondellBasell Industries in the fourth quarter worth $733,000. FDx Advisors Inc. increased its stake in LyondellBasell Industries by 15.3% in the 4th quarter. FDx Advisors Inc. now owns 3,211 shares of the specialty chemicals company’s stock valued at $238,000 after buying an additional 426 shares during the last quarter. Finally, LMG Wealth Partners LLC grew its holdings in shares of LyondellBasell Industries by 4.2% in the 4th quarter. LMG Wealth Partners LLC now owns 14,760 shares of the specialty chemicals company’s stock valued at $1,096,000 after acquiring an additional 600 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $77.05 on Friday. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $75.67 and its 200-day moving average price is $85.19. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the business posted $1.26 earnings per share. Equities research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on LYB shares. UBS Group cut their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Piper Sandler reduced their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $88.25.

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.