Allworth Financial LP Buys 564 Shares of LyondellBasell Industries (NYSE:LYB)

Allworth Financial LP lifted its stake in LyondellBasell Industries (NYSE:LYB) by 59.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,511 shares of the specialty chemicals company’s stock after purchasing an additional 564 shares during the quarter. Allworth Financial LP’s holdings in LyondellBasell Industries were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LYB. Webster Bank N. A. boosted its position in shares of LyondellBasell Industries by 70.4% in the 4th 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 boosted its position in shares of LyondellBasell Industries by 268.2% in the 4th 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. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $31,000. Fortitude Family Office LLC boosted its position in shares of LyondellBasell Industries by 162.0% in the 3rd 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, Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $59,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Down 0.7 %

LYB opened at $77.05 on Monday. The firm has a 50-day simple moving average of $75.67 and a two-hundred day simple moving average of $85.05. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a market capitalization of $25.02 billion, a PE ratio of 18.61, a price-to-earnings-growth 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 released 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the prior year, the company posted $1.26 EPS. Analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of several analyst reports. Barclays lowered their price objective on 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. UBS Group decreased their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Morgan Stanley reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, Mizuho reduced their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

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.