FDx Advisors Inc. Grows Holdings in LyondellBasell Industries (NYSE:LYB)

FDx Advisors Inc. boosted its position in LyondellBasell Industries (NYSE:LYB) by 15.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,211 shares of the specialty chemicals company’s stock after acquiring an additional 426 shares during the quarter. FDx Advisors Inc.’s holdings in LyondellBasell Industries were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. HighTower Advisors LLC grew its position in shares of LyondellBasell Industries by 18.2% during the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after buying an additional 159,803 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Quantinno Capital Management LP grew its holdings in LyondellBasell Industries by 23.1% during the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock worth $5,936,000 after acquiring an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Sound Income Strategies LLC raised its stake in shares of LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after purchasing an additional 20,310 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on LYB shares. Barclays lowered their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Mizuho dropped their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Trading Down 0.7 %

Shares of NYSE:LYB opened at $77.05 on Friday. 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 company’s 50-day moving average price is $75.67 and its 200 day moving average price is $85.19. The company has a market cap of $25.02 billion, a PE ratio of 18.61, a P/E/G ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 in the prior year, the firm posted $1.26 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Company 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.