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

Fisher Funds Management LTD acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 102,625 shares of the specialty chemicals company’s stock, valued at approximately $7,622,000.

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

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Down 0.7 %

NYSE LYB opened at $77.05 on Friday. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month 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 50 day moving average of $75.67 and a 200-day moving average of $85.11. The company has a market cap of $25.02 billion, a PE ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05.

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 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 period last year, the firm earned $1.26 earnings per share. On average, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LYB has been the topic of a number of research analyst reports. Mizuho dropped their price objective 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. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Piper Sandler decreased 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. Morgan Stanley dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.