Wealth Alliance Lowers Stake in LyondellBasell Industries (NYSE:LYB)

Wealth Alliance lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 53.2% during the 4th quarter, according to its most recent disclosure 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 SEC filing.

Several other large investors have also added to or reduced their stakes in LYB. Blue Trust Inc. lifted its holdings in LyondellBasell Industries by 369.0% during the third quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,107 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of LyondellBasell Industries by 149.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company’s stock valued at $6,151,000 after buying an additional 38,428 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of LyondellBasell Industries by 45.8% during the third quarter. Sequoia Financial Advisors LLC now owns 10,459 shares of the specialty chemicals company’s stock valued at $1,003,000 after buying an additional 3,284 shares during the last quarter. Signaturefd LLC raised its position in shares of LyondellBasell Industries by 6.0% during the third quarter. Signaturefd LLC now owns 5,231 shares of the specialty chemicals company’s stock valued at $502,000 after buying an additional 297 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $98,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price 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. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 0.7 %

NYSE:LYB opened at $77.05 on Friday. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a 50-day moving average of $75.67 and a 200 day moving average of $85.19. The firm has a market cap 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 debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 previous year, the business earned $1.26 EPS. As a group, research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LYB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company reduced their price objective 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. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Mizuho reduced their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average 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.