Kentucky Retirement Systems Insurance Trust Fund Buys 7,770 Shares of LyondellBasell Industries (NYSE:LYB)

Kentucky Retirement Systems Insurance Trust Fund increased its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 100.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,470 shares of the specialty chemicals company's stock after acquiring an additional 7,770 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in LyondellBasell Industries were worth $1,242,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Webster Bank N. A. grew 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 acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter worth $31,000. Fortitude Family Office LLC boosted its position in shares of LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 290 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter worth $59,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Down 0.7 %

Shares of NYSE:LYB traded down $0.57 on Friday, reaching $77.05. The company had a trading volume of 2,443,723 shares, compared to its average volume of 2,664,283. 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 50-day moving average price of $75.64 and a 200 day moving average price of $85.29. The stock has a market capitalization of $25.02 billion, a P/E ratio of 18.61, a P/E/G ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 return on equity of 15.97% and a net margin of 3.39%. During the same period in the prior year, the business earned $1.26 earnings per share. On average, equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on LYB. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. UBS Group decreased 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. The Goldman Sachs Group reduced their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Mizuho reduced their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.