Bank of New York Mellon Corp Has $134.21 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Bank of New York Mellon Corp lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,807,022 shares of the specialty chemicals company’s stock after selling 21,683 shares during the period. Bank of New York Mellon Corp’s holdings in LyondellBasell Industries were worth $134,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. IFP Advisors Inc increased its holdings in LyondellBasell Industries by 31.8% in the 4th quarter. IFP Advisors Inc now owns 3,649 shares of the specialty chemicals company’s stock valued at $271,000 after buying an additional 881 shares during the period. South Dakota Investment Council increased its holdings in LyondellBasell Industries by 19.6% in the 4th quarter. South Dakota Investment Council now owns 228,876 shares of the specialty chemicals company’s stock valued at $16,999,000 after buying an additional 37,583 shares during the period. Forvis Mazars Wealth Advisors LLC increased its holdings in LyondellBasell Industries by 7.1% in the 4th quarter. Forvis Mazars Wealth Advisors LLC now owns 3,814 shares of the specialty chemicals company’s stock valued at $283,000 after buying an additional 253 shares during the period. Howard Capital Management Inc. increased its holdings in LyondellBasell Industries by 33.1% in the 4th quarter. Howard Capital Management Inc. now owns 3,153 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 784 shares during the period. Finally, Fisher Funds Management LTD bought a new stake in LyondellBasell Industries in the 4th quarter valued at $7,622,000. Institutional investors own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Up 1.0 %

Shares of NYSE:LYB opened at $76.77 on Friday. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company’s 50-day moving average price is $75.92 and its two-hundred day moving average price is $84.53. 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 firm has a market cap of $24.93 billion, a P/E ratio of 18.54, 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 EPS for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted $1.26 EPS. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on LYB shares. Barclays lowered their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.