LyondellBasell Industries (NYSE:LYB) Stake Lowered by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 25.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,608 shares of the specialty chemicals company’s stock after selling 50,617 shares during the period. Truist Financial Corp’s holdings in LyondellBasell Industries were worth $10,740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC grew its holdings in shares of LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after acquiring an additional 159,803 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of LyondellBasell Industries by 23.1% during the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after acquiring an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of LyondellBasell Industries by 202.4% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock valued at $964,000 after acquiring an additional 8,691 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after purchasing an additional 20,310 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction dated 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 owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Up 0.2 %

LYB stock opened at $77.63 on Friday. The company has a 50-day moving average of $75.64 and a two-hundred day moving average of $85.29. The stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 0.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the business posted $1.26 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Finally, Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price 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.