Chicago Equity Partners LLC raised its position in LyondellBasell Industries NV (NYSE:LYB) by 13.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 82,960 shares of the specialty chemicals company’s stock after acquiring an additional 9,660 shares during the period. Chicago Equity Partners LLC’s holdings in LyondellBasell Industries were worth $6,899,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth $31,000. Pflug Koory LLC lifted its holdings in LyondellBasell Industries by 100.0% during the fourth quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 200 shares during the period. We Are One Seven LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth $51,000. First Mercantile Trust Co. lifted its holdings in LyondellBasell Industries by 60.8% during the fourth quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 310 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in LyondellBasell Industries during the fourth quarter worth $94,000. 72.90% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on LYB. HSBC upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a report on Friday, November 2nd. Nomura dropped their price target on LyondellBasell Industries from $118.00 to $113.00 and set a “neutral” rating on the stock in a report on Monday, October 15th. Zacks Investment Research upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Monday, October 15th. Alembic Global Advisors set a $145.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a report on Tuesday, October 30th. Finally, BMO Capital Markets dropped their price target on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, February 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. LyondellBasell Industries currently has an average rating of “Buy” and an average price target of $117.12.
In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction dated Thursday, December 6th. The stock was bought at an average cost of $88.63 per share, for a total transaction of $443,150.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Ai Investments Holdings Llc purchased 2,186,973 shares of LyondellBasell Industries stock in a transaction dated Tuesday, November 13th. The stock was bought at an average price of $95.60 per share, with a total value of $209,074,618.80. The disclosure for this purchase can be found here. Insiders own 0.09% of the company’s stock.
Shares of LYB opened at $84.58 on Monday. The firm has a market capitalization of $32.45 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 0.86 and a beta of 1.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.09 and a current ratio of 1.92. LyondellBasell Industries NV has a 1 year low of $77.52 and a 1 year high of $119.39.
LyondellBasell Industries Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.
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