Deseret Mutual Benefit Administrators Acquires 238 Shares of LyondellBasell Industries (NYSE:LYB)

Deseret Mutual Benefit Administrators increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,200 shares of the specialty chemicals company’s stock after buying an additional 238 shares during the period. Deseret Mutual Benefit Administrators’ holdings in LyondellBasell Industries were worth $312,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LYB. Webster Bank N. A. increased its stake in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Cairn Investment Group Inc. lifted its stake in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after purchasing an additional 155 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of LyondellBasell Industries by 1.0% in the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock worth $1,677,000 after purchasing an additional 173 shares in the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after purchasing an additional 177 shares during the last quarter. Finally, Concord Wealth Partners raised its holdings in shares of LyondellBasell Industries by 4.2% during the 3rd quarter. Concord Wealth Partners now owns 4,790 shares of the specialty chemicals company’s stock valued at $459,000 after buying an additional 194 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $77.05 on Friday. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a market capitalization of $25.02 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The firm has a 50 day moving average of $75.67 and a 200 day moving average of $85.19. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LYB shares. Royal Bank of Canada boosted their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 4th. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Piper Sandler reduced their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays dropped their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.25.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries 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.