Hudson Edge Investment Partners Inc. Sells 4,341 Shares of LyondellBasell Industries (NYSE:LYB)

Hudson Edge Investment Partners Inc. reduced its position in LyondellBasell Industries (NYSE:LYB) by 75.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,400 shares of the specialty chemicals company’s stock after selling 4,341 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in LyondellBasell Industries were worth $104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LYB. Blue Trust Inc. raised its position in LyondellBasell Industries by 369.0% in the 3rd quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 1,107 shares during the period. Allspring Global Investments Holdings LLC raised its position in LyondellBasell Industries by 149.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company’s stock worth $6,151,000 after purchasing an additional 38,428 shares during the period. Sequoia Financial Advisors LLC raised its position in LyondellBasell Industries by 45.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,459 shares of the specialty chemicals company’s stock worth $1,003,000 after purchasing an additional 3,284 shares during the period. Signaturefd LLC raised its position in LyondellBasell Industries by 6.0% in the 3rd quarter. Signaturefd LLC now owns 5,231 shares of the specialty chemicals company’s stock worth $502,000 after purchasing an additional 297 shares during the period. Finally, Eastern Bank purchased a new stake in LyondellBasell Industries in the 3rd quarter worth about $98,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of LYB opened at $77.05 on Friday. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. 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 has a 50 day moving average of $75.67 and a two-hundred day moving average of $85.11.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 last year, the company earned $1.26 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries 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 completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LYB has been the topic of a number of research reports. UBS Group reduced their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group reduced 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. Mizuho reduced 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 report on Monday, December 9th. Wells Fargo & Company reduced their target price 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.