LyondellBasell Industries (NYSE:LYB) Shares Bought by Versor Investments LP

Versor Investments LP grew its stake in LyondellBasell Industries (NYSE:LYB) by 168.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,586 shares of the specialty chemicals company’s stock after buying an additional 21,086 shares during the period. LyondellBasell Industries accounts for 0.4% of Versor Investments LP’s holdings, making the stock its 26th biggest position. Versor Investments LP’s holdings in LyondellBasell Industries were worth $2,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. Private Advisor Group LLC grew its stake in LyondellBasell Industries by 12.5% during the 3rd quarter. Private Advisor Group LLC now owns 14,990 shares of the specialty chemicals company’s stock valued at $1,438,000 after purchasing an additional 1,664 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth about $14,822,000. Assenagon Asset Management S.A. boosted its position in LyondellBasell Industries by 19.8% in the third quarter. Assenagon Asset Management S.A. now owns 14,319 shares of the specialty chemicals company’s stock valued at $1,373,000 after buying an additional 2,368 shares during the last quarter. Fortitude Family Office LLC increased its holdings in LyondellBasell Industries by 162.0% in the 3rd 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, Trajan Wealth LLC raised its position in LyondellBasell Industries by 12.6% during the 3rd quarter. Trajan Wealth LLC now owns 45,525 shares of the specialty chemicals company’s stock worth $4,366,000 after buying an additional 5,077 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LYB has been the topic of a number of research reports. Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. UBS Group decreased their price objective on 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 dropped their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Finally, Wells Fargo & Company decreased their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the company’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 acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $76.14 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a market cap of $24.73 billion, a PE ratio of 18.39, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The firm has a fifty day moving average of $75.80 and a 200 day moving average of $84.72.

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

LyondellBasell Industries Company 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.