First Horizon Advisors Inc. Cuts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

First Horizon Advisors Inc. cut its stake in shares of LyondellBasell Industries (NYSE:LYB) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 280,355 shares of the specialty chemicals company’s stock after selling 19,456 shares during the period. First Horizon Advisors Inc.’s holdings in LyondellBasell Industries were worth $20,822,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Webster Bank N. A. grew its position in LyondellBasell Industries by 70.4% in the 4th 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 in the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of LyondellBasell Industries by 268.2% in the 4th 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. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $31,000. Fortitude Family Office LLC increased its position in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 290 shares during the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in LyondellBasell Industries during the fourth quarter worth $59,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $77.05 on Friday. 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 $25.02 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The business’s fifty day moving average is $75.67 and its 200 day moving average is $85.11.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the previous year, the company earned $1.26 earnings per share. Research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

Analysts Set New Price Targets

LYB has been the subject of a number of recent analyst reports. UBS Group reduced their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada raised their price objective 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. dropped their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Mizuho decreased their price target 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. Finally, Morgan Stanley dropped their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus 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 firm’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.