Tower Bridge Advisors Sells 400 Shares of LyondellBasell Industries (NYSE:LYB)

Tower Bridge Advisors lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 12.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,900 shares of the specialty chemicals company’s stock after selling 400 shares during the period. Tower Bridge Advisors’ holdings in LyondellBasell Industries were worth $215,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LYB. Webster Bank N. A. increased its holdings in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the third quarter worth $31,000. Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries during the fourth quarter worth $59,000. Finally, Brooklyn Investment Group bought a new position in LyondellBasell Industries during the third quarter valued at $60,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LYB. Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Barclays decreased their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. UBS Group dropped their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $76.77 on Friday. 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’s fifty day moving average price is $75.92 and its 200-day moving average price is $84.53. 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 has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results 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 in the previous year, the company posted $1.26 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, 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 document filed with the SEC, 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.