Fisher Funds Management LTD Takes $7.62 Million Position in LyondellBasell Industries (NYSE:LYB)

Fisher Funds Management LTD bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 102,625 shares of the specialty chemicals company’s stock, valued at approximately $7,622,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Capital City Trust Co. FL boosted its holdings in LyondellBasell Industries by 6.4% during the fourth quarter. Capital City Trust Co. FL now owns 28,579 shares of the specialty chemicals company’s stock valued at $2,123,000 after purchasing an additional 1,726 shares in the last quarter. Sigma Planning Corp acquired a new stake in LyondellBasell Industries in the 4th quarter valued at $417,000. Oxbow Advisors LLC bought a new stake in LyondellBasell Industries in the fourth quarter valued at $5,397,000. Deseret Mutual Benefit Administrators grew its position in LyondellBasell Industries by 6.0% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 4,200 shares of the specialty chemicals company’s stock valued at $312,000 after acquiring an additional 238 shares during the period. Finally, Bell Bank raised its stake in LyondellBasell Industries by 20.3% during the fourth quarter. Bell Bank now owns 94,800 shares of the specialty chemicals company’s stock worth $7,041,000 after acquiring an additional 16,027 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $77.05 on Friday. The business’s 50-day simple moving average is $75.67 and its 200 day simple moving average is $85.11. 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 stock has a market cap of $25.02 billion, a price-to-earnings ratio of 18.61, a P/E/G 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 issued its 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the prior year, the business posted $1.26 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LYB shares. 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. Mizuho decreased their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft cut their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, Piper Sandler cut their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 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, with a total value of $380,300.00. Following the completion of the purchase, 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

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.