Denali Advisors LLC Has $783,000 Stock Position in LyondellBasell Industries (NYSE:LYB)

Denali Advisors LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,549 shares of the specialty chemicals company’s stock after buying an additional 907 shares during the period. Denali Advisors LLC’s holdings in LyondellBasell Industries were worth $783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. HighTower Advisors LLC boosted its holdings in 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 valued at $99,557,000 after acquiring an additional 159,803 shares during the period. 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 purchasing an additional 187,150 shares during the period. Quantinno Capital Management LP grew its holdings in LyondellBasell Industries by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after buying an additional 11,610 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in 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 buying an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC lifted its holdings in shares of LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after buying an additional 20,310 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Trading Down 1.9 %

Shares of LYB stock opened at $76.14 on Thursday. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The firm has a 50-day moving average price of $75.80 and a 200 day moving average price of $84.72. 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 market capitalization of $24.73 billion, a P/E ratio of 18.39, a P/E/G ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 period in the prior year, the company posted $1.26 earnings per share. Research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LYB. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target 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. Barclays cut their price objective on shares of 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. Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.