Hudson Edge Investment Partners Inc. Cuts Holdings in LyondellBasell Industries (NYSE:LYB)

Hudson Edge Investment Partners Inc. decreased its position in LyondellBasell Industries (NYSE:LYB) by 75.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,400 shares of the specialty chemicals company’s stock after selling 4,341 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in LyondellBasell Industries were worth $104,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth about $31,000. Webster Bank N. A. increased its stake 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 in the last quarter. Rosenberg Matthew Hamilton increased its stake 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 in the last quarter. Fortitude Family Office LLC increased 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, Brooklyn Investment Group purchased a new stake in shares of LyondellBasell Industries during the third quarter worth about $60,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Mizuho cut their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Barclays lowered their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. UBS Group lowered their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Two equities 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 stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $77.05 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. The company’s 50-day moving average is $75.67 and its two-hundred day moving average is $85.11. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the business earned $1.26 earnings per share. Analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

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.