Rhumbline Advisers Has $34.51 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

Rhumbline Advisers trimmed its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 2.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 464,598 shares of the specialty chemicals company's stock after selling 13,871 shares during the period. Rhumbline Advisers owned approximately 0.14% of LyondellBasell Industries worth $34,506,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Castleview Partners LLC lifted its stake in shares of LyondellBasell Industries by 7.2% in the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock valued at $194,000 after buying an additional 136 shares during the period. Webster Bank N. A. increased its holdings in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares in the last quarter. Cairn Investment Group Inc. increased its holdings in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock valued at $3,130,000 after purchasing an additional 155 shares in the last quarter. Raymond James Trust N.A. boosted its stake in LyondellBasell Industries by 1.0% in the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock valued at $1,677,000 after acquiring an additional 173 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT boosted its stake in LyondellBasell Industries by 5.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock valued at $268,000 after acquiring an additional 177 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the 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 purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LYB shares. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group reduced their target price 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. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, Piper Sandler cut 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. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Trading Down 0.7 %

Shares of LYB stock traded down $0.57 during trading hours on Friday, hitting $77.05. 2,443,723 shares of the company's stock traded hands, compared to its average volume of 2,664,281. The stock's 50 day simple moving average is $75.64 and its 200 day simple moving average is $85.29. The stock has a market cap of $25.02 billion, a PE ratio of 18.61, a price-to-earnings-growth 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. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly 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 quarter in the prior year, the company posted $1.26 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

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.