South Dakota Investment Council Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

South Dakota Investment Council boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 19.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 228,876 shares of the specialty chemicals company’s stock after purchasing an additional 37,583 shares during the period. South Dakota Investment Council’s holdings in LyondellBasell Industries were worth $16,999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LYB. Jacobs Levy Equity Management Inc. boosted its position in LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock worth $123,055,000 after purchasing an additional 871,708 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in LyondellBasell Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after purchasing an additional 362,671 shares during the last quarter. Franklin Resources Inc. boosted its position in LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after purchasing an additional 293,622 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after buying an additional 277,108 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its position in shares of LyondellBasell Industries by 40.0% during the 4th quarter. Allianz Asset Management GmbH now owns 947,614 shares of the specialty chemicals company’s stock valued at $70,379,000 after buying an additional 270,694 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Royal Bank of Canada upped their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Piper Sandler dropped their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. UBS Group dropped their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Trading Down 0.7 %

NYSE LYB opened at $77.05 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market capitalization of $25.02 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The company’s 50-day simple moving average is $75.67 and its two-hundred day simple moving average is $85.11. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the firm earned $1.26 earnings per share. Equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

About LyondellBasell Industries

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.