LyondellBasell Industries (NYSE:LYB) Shares Sold by Peloton Wealth Strategists

Peloton Wealth Strategists trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,100 shares of the specialty chemicals company’s stock after selling 10,825 shares during the period. Peloton Wealth Strategists’ holdings in LyondellBasell Industries were worth $2,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LYB. Webster Bank N. A. raised its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $31,000. Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $59,000. Finally, Brooklyn Investment Group acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $60,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 0.3 %

LyondellBasell Industries stock opened at $76.01 on Friday. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 18.36, 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 company’s 50-day moving average price is $75.86 and its two-hundred day moving average price is $84.66. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted 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 quarter in the prior year, the business posted $1.26 EPS. On average, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. 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 report on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average price target of $88.25.

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.