Truist Financial Corp Has $10.74 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Truist Financial Corp lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 25.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 144,608 shares of the specialty chemicals company’s stock after selling 50,617 shares during the quarter. Truist Financial Corp’s holdings in LyondellBasell Industries were worth $10,740,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the third quarter worth about $31,000. Webster Bank N. A. grew its stake in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in LyondellBasell Industries by 268.2% during 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 last quarter. Fortitude Family Office LLC grew its stake in LyondellBasell Industries by 162.0% during 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 last quarter. Finally, Brooklyn Investment Group bought a new stake in LyondellBasell Industries during the third quarter worth about $60,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $77.63 on Friday. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The stock has a market cap of $25.21 billion, a PE ratio of 18.75, a PEG ratio of 0.98 and a beta of 1.05. 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’s 50 day moving average price is $75.64 and its two-hundred day moving average price is $85.29.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $1.26 earnings per share. As a group, analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on LYB shares. Barclays decreased their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada upped 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Two equities 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.25.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

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.