LyondellBasell Industries (NYSE:LYB) EVP Kimberly Foley Purchases 5,661 Shares

LyondellBasell Industries N.V. (NYSE:LYB) EVP Kimberly Foley bought 5,661 shares of the stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

LyondellBasell Industries Stock Down 1.1%

LYB stock traded down $0.48 during trading on Wednesday, reaching $43.34. The stock had a trading volume of 3,554,708 shares, compared to its average volume of 4,165,778. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 56.29 and a beta of 0.87. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $85.25. The company’s 50 day moving average is $48.81 and its two-hundred day moving average is $54.84.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.88 EPS. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. BMO Capital Markets decreased their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Mizuho set a $52.00 target price on shares of LyondellBasell Industries in a research note on Monday, November 3rd. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. Finally, Zacks Research cut shares of LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.19.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in LyondellBasell Industries by 3.5% in the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock worth $49,352,000 after acquiring an additional 33,873 shares during the last quarter. South Dakota Investment Council lifted its stake in shares of LyondellBasell Industries by 9.7% in the 3rd quarter. South Dakota Investment Council now owns 295,537 shares of the specialty chemicals company’s stock valued at $14,493,000 after acquiring an additional 26,251 shares during the last quarter. Manske Wealth Management grew its holdings in shares of LyondellBasell Industries by 26.4% in the third quarter. Manske Wealth Management now owns 53,001 shares of the specialty chemicals company’s stock worth $2,599,000 after purchasing an additional 11,069 shares during the last quarter. New Age Alpha Advisors LLC increased its position in shares of LyondellBasell Industries by 97.4% in the third quarter. New Age Alpha Advisors LLC now owns 62,388 shares of the specialty chemicals company’s stock valued at $3,336,000 after acquiring an additional 30,784 shares during the period. Finally, Tounjian Advisory Partners LLC grew its position in shares of LyondellBasell Industries by 96.7% in the 3rd quarter. Tounjian Advisory Partners LLC now owns 22,084 shares of the specialty chemicals company’s stock worth $1,083,000 after buying an additional 10,854 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

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.