Fusion Capital LLC Cuts Stock Position in LyondellBasell Industries (NYSE:LYB)

Fusion Capital LLC cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,287 shares of the specialty chemicals company’s stock after selling 7,123 shares during the period. LyondellBasell Industries accounts for 1.5% of Fusion Capital LLC’s portfolio, making the stock its 25th biggest position. Fusion Capital LLC’s holdings in LyondellBasell Industries were worth $3,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Webster Bank N. A. raised its holdings in 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 during the period. Rosenberg Matthew Hamilton lifted its holdings 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 buying an additional 295 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the 3rd quarter worth $31,000. Pinnacle Bancorp Inc. purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $59,000. Finally, Brooklyn Investment Group purchased a new stake in shares of LyondellBasell Industries during the third quarter valued at $60,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $76.01 on Friday. The firm’s 50 day simple moving average is $75.86 and its 200 day simple moving average is $84.66. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 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 period in the prior year, the firm posted $1.26 EPS. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LYB shares. Royal Bank of Canada increased their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. Piper Sandler cut their target price 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. Mizuho cut their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.25.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.