Todd Asset Management LLC Has $15.33 Million Stake in LyondellBasell Industries (NYSE:LYB)

Todd Asset Management LLC trimmed its stake in LyondellBasell Industries (NYSE:LYB) by 41.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 206,391 shares of the specialty chemicals company’s stock after selling 146,971 shares during the period. Todd Asset Management LLC owned 0.06% of LyondellBasell Industries worth $15,329,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. raised its position in shares of LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after purchasing an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares during the period. Franklin Resources Inc. raised its holdings in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares during the period. Geode Capital Management LLC lifted its position in LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after acquiring an additional 277,108 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in LyondellBasell Industries by 40.0% during the fourth quarter. Allianz Asset Management GmbH now owns 947,614 shares of the specialty chemicals company’s stock valued at $70,379,000 after acquiring an additional 270,694 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on LYB shares. Barclays cut their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped 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. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $77.63 on Wednesday. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a market cap of $25.21 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The firm’s 50-day simple moving average is $75.77 and its 200-day simple moving average is $84.78.

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

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction on 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 owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

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.