Vontobel Holding Ltd. Boosts Stake in LyondellBasell Industries (NYSE:LYB)

Vontobel Holding Ltd. lifted its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 132.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,450 shares of the specialty chemicals company's stock after acquiring an additional 6,529 shares during the period. Vontobel Holding Ltd.'s holdings in LyondellBasell Industries were worth $850,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Exchange Traded Concepts LLC grew its position in LyondellBasell Industries by 1,171.9% in the third quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company's stock worth $109,000 after acquiring an additional 1,043 shares during the period. Blue Trust Inc. lifted its stake in shares of LyondellBasell Industries by 369.0% in the 3rd quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company's stock valued at $135,000 after purchasing an additional 1,107 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of LyondellBasell Industries by 149.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company's stock worth $6,151,000 after purchasing an additional 38,428 shares during the period. Castleview Partners LLC increased its position in shares of LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock worth $194,000 after purchasing an additional 136 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at about $674,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 0.7 %

NYSE LYB traded down $0.57 during trading hours on Friday, hitting $77.05. 2,443,723 shares of the company were exchanged, compared to its average volume of 2,664,281. 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 firm has a market cap of $25.02 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. The company has a 50 day moving average of $75.64 and a two-hundred day moving average of $85.29. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 quarter in the previous year, the business earned $1.26 EPS. Equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. 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 research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Morgan Stanley cut 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. Piper Sandler lowered their price target on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Two investment 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company's stock.

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.