LyondellBasell Industries (NYSE:LYB) Shares Sold by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 31.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,465 shares of the specialty chemicals company’s stock after selling 6,573 shares during the quarter. Wealthspire Advisors LLC’s holdings in LyondellBasell Industries were worth $1,074,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% in the 4th 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 period. Rosenberg Matthew Hamilton raised its position in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the third quarter valued at about $31,000. Fortitude Family Office LLC lifted its stake in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 290 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $59,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LYB opened at $77.63 on Wednesday. The company has a market capitalization of $25.21 billion, a P/E ratio of 18.75, a PEG ratio of 0.97 and a beta of 1.05. The company has a 50-day moving average of $75.77 and a 200-day moving average of $84.78. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period in the prior year, the business earned $1.26 earnings per share. Equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LYB shares. Piper Sandler dropped their target price on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Royal Bank of Canada upped their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Barclays decreased their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $88.25.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

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.