Wealth Alliance Sells 7,259 Shares of LyondellBasell Industries (NYSE:LYB)

Wealth Alliance trimmed its holdings in LyondellBasell Industries (NYSE:LYB) by 53.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,376 shares of the specialty chemicals company’s stock after selling 7,259 shares during the quarter. Wealth Alliance’s holdings in LyondellBasell Industries were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of LYB. Jacobs Levy Equity Management Inc. increased its stake in shares of LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock worth $123,055,000 after acquiring an additional 871,708 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of LyondellBasell Industries by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after acquiring an additional 277,108 shares in the last quarter. Finally, State Street Corp increased its stake in shares of LyondellBasell Industries by 1.9% in the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after acquiring an additional 230,327 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $77.05 on Friday. The company has a 50 day moving average price of $75.67 and a 200-day moving average price of $85.19. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The firm has a market capitalization of $25.02 billion, a PE ratio of 18.61, a P/E/G ratio of 0.97 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted $1.26 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Buying and Selling

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 bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

LYB has been the subject of a number of analyst reports. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.