Lipe & Dalton Sells 1,335 Shares of LyondellBasell Industries (NYSE:LYB)

Lipe & Dalton lowered its holdings in LyondellBasell Industries (NYSE:LYB) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,645 shares of the specialty chemicals company’s stock after selling 1,335 shares during the period. LyondellBasell Industries comprises 1.4% of Lipe & Dalton’s holdings, making the stock its 23rd largest position. Lipe & Dalton’s holdings in LyondellBasell Industries were worth $2,722,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in LYB. HighTower Advisors LLC boosted its position in shares of LyondellBasell Industries by 18.2% in the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after acquiring an additional 159,803 shares during the period. JPMorgan Chase & Co. grew its holdings in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock worth $5,936,000 after purchasing an additional 11,610 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after acquiring an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC raised its stake in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after buying an additional 20,310 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on LYB. Morgan Stanley decreased their target price 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. Mizuho reduced their price target 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. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Piper Sandler dropped their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, UBS Group reduced their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Stock Down 0.7 %

Shares of LyondellBasell Industries stock opened at $77.05 on Friday. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a market cap of $25.02 billion, a P/E ratio of 18.61, a PEG 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. The firm’s 50 day moving average price is $75.67 and its 200-day moving average price is $85.19.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $1.26 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Profile

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.