Deseret Mutual Benefit Administrators Grows Holdings in LyondellBasell Industries (NYSE:LYB)

Deseret Mutual Benefit Administrators raised its position in shares of LyondellBasell Industries (NYSE:LYB) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,200 shares of the specialty chemicals company’s stock after purchasing an additional 238 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in LyondellBasell Industries were worth $312,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Webster Bank N. A. lifted its stake in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the third quarter worth about $31,000. Fortitude Family Office LLC grew its position in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 290 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in LyondellBasell Industries during the 4th quarter valued at approximately $59,000. 71.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LYB has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut their price objective 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. UBS Group cut their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, 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. Two equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $88.25.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Down 0.7 %

Shares of LyondellBasell Industries stock opened at $77.05 on Friday. 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 cap of $25.02 billion, a P/E ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. The firm’s 50 day moving average price is $75.67 and its 200-day moving average price is $85.19. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the previous year, the business earned $1.26 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

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.