Illinois Municipal Retirement Fund Reduces Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Illinois Municipal Retirement Fund decreased its stake in LyondellBasell Industries (NYSE:LYB) by 66.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,798 shares of the specialty chemicals company’s stock after selling 53,138 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in LyondellBasell Industries were worth $1,990,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYB. Private Advisor Group LLC boosted its holdings in shares of 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 worth $1,438,000 after purchasing an additional 1,664 shares during the period. Assenagon Asset Management S.A. boosted its holdings in LyondellBasell Industries by 19.8% during the 3rd 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 period. Pinnacle Associates Ltd. boosted its holdings in LyondellBasell Industries by 10.0% during the 3rd 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 period. Farther Finance Advisors LLC boosted its holdings in LyondellBasell Industries by 74.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,789 shares of the specialty chemicals company’s stock valued at $747,000 after acquiring an additional 3,323 shares during the period. Finally, swisspartners Advisors Ltd boosted its holdings in LyondellBasell Industries by 3.5% during the 3rd quarter. swisspartners Advisors Ltd now owns 82,783 shares of the specialty chemicals company’s stock valued at $7,939,000 after acquiring an additional 2,800 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.0 %

LYB opened at $76.77 on Friday. The stock has a fifty day moving average price of $75.92 and a 200-day moving average price of $84.53. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.97 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last announced 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 period last year, the business earned $1.26 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LYB has been the subject of a number of recent analyst reports. Piper Sandler dropped their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. UBS Group dropped their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Barclays dropped their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $88.25.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were bought 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 approximately $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 link. 0.11% of the stock is currently owned by corporate insiders.

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.