Altrius Capital Management Inc Grows Stock Position in LyondellBasell Industries (NYSE:LYB)

Altrius Capital Management Inc raised its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 97,953 shares of the specialty chemicals company’s stock after purchasing an additional 14,117 shares during the period. LyondellBasell Industries accounts for approximately 2.0% of Altrius Capital Management Inc’s investment portfolio, making the stock its 14th largest holding. Altrius Capital Management Inc’s holdings in LyondellBasell Industries were worth $7,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its stake in LyondellBasell Industries by 12.5% in the 3rd quarter. Private Advisor Group LLC now owns 14,990 shares of the specialty chemicals company’s stock valued at $1,438,000 after buying an additional 1,664 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of LyondellBasell Industries by 19.8% during the third quarter. Assenagon Asset Management S.A. now owns 14,319 shares of the specialty chemicals company’s stock valued at $1,373,000 after acquiring an additional 2,368 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of LyondellBasell Industries by 10.0% during the third quarter. Pinnacle Associates Ltd. now owns 28,831 shares of the specialty chemicals company’s stock valued at $2,741,000 after acquiring an additional 2,616 shares during the last quarter. SteelPeak Wealth LLC raised its holdings in LyondellBasell Industries by 11.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 11,145 shares of the specialty chemicals company’s stock valued at $1,069,000 after acquiring an additional 1,182 shares during the last quarter. Finally, Palumbo Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 31.6% during the 3rd quarter. Palumbo Wealth Management LLC now owns 3,770 shares of the specialty chemicals company’s stock worth $362,000 after purchasing an additional 906 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $76.01 on Friday. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a market cap of $24.68 billion, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The stock has a 50 day moving average of $75.86 and a 200-day moving average of $84.66.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the prior year, the company earned $1.26 EPS. On average, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Barclays dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group decreased 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. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Finally, Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Two 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. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $88.25.

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.