LyondellBasell Industries (NYSE:LYB) Shares Acquired by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 8.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,392 shares of the specialty chemicals company’s stock after acquiring an additional 1,457 shares during the period. Fort Sheridan Advisors LLC’s holdings in LyondellBasell Industries were worth $1,366,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

LYB has been the subject of several research analyst reports. Mizuho decreased their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. UBS Group decreased their price target 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. Barclays dropped their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Two investment 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 MarketBeat, the company has an average rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $76.01 on Friday. 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 business’s 50 day moving average is $75.86 and its two-hundred day moving average is $84.66. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 18.36, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released 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 return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the firm posted $1.26 earnings per share. Research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Activity

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company 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.