New York State Common Retirement Fund Sells 8,800 Shares of LyondellBasell Industries (NYSE:LYB)

New York State Common Retirement Fund decreased its position in LyondellBasell Industries (NYSE:LYB) by 5.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 141,383 shares of the specialty chemicals company’s stock after selling 8,800 shares during the period. New York State Common Retirement Fund’s holdings in LyondellBasell Industries were worth $10,501,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the 3rd quarter worth $31,000. Webster Bank N. A. grew its stake 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 worth $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the period. Fortitude Family Office LLC raised its position in LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 290 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $60,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Mizuho reduced their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays decreased their price target 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. Finally, StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two 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. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Up 0.5 %

LYB stock opened at $77.33 on Tuesday. The business has a 50 day moving average of $75.73 and a 200 day moving average of $84.91. The firm has a market cap of $25.11 billion, a PE ratio of 18.68, a price-to-earnings-growth 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. 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) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period in the prior year, the company earned $1.26 EPS. On average, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal 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.