LyondellBasell Industries (NYSE:LYB) Position Trimmed by Rothschild Investment LLC

Rothschild Investment LLC lowered its stake in LyondellBasell Industries (NYSE:LYB) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,575 shares of the specialty chemicals company’s stock after selling 3,539 shares during the period. Rothschild Investment LLC’s holdings in LyondellBasell Industries were worth $1,380,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Blue Trust Inc. lifted its holdings in shares of LyondellBasell Industries by 369.0% during the third quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,107 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in LyondellBasell Industries by 149.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company’s stock worth $6,151,000 after buying an additional 38,428 shares during the period. Private Advisor Group LLC lifted its stake in LyondellBasell Industries by 12.5% during the third quarter. Private Advisor Group LLC now owns 14,990 shares of the specialty chemicals company’s stock valued at $1,438,000 after buying an additional 1,664 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of LyondellBasell Industries in the third quarter worth about $14,822,000. Finally, Assenagon Asset Management S.A. increased its position in shares of LyondellBasell Industries by 19.8% in the third quarter. Assenagon Asset Management S.A. now owns 14,319 shares of the specialty chemicals company’s stock worth $1,373,000 after acquiring an additional 2,368 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $77.33 on Tuesday. 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 firm has a market cap of $25.11 billion, a PE ratio of 18.68, a PEG ratio of 0.97 and a beta of 1.05. The firm’s 50 day moving average price is $75.73 and its 200 day moving average price is $84.91. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month 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 company posted $1.26 EPS. As a group, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LYB shares. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Barclays reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft dropped their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler decreased their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction 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 acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.