Hosking Partners LLP Purchases 150,592 Shares of LyondellBasell Industries (NYSE:LYB)

Hosking Partners LLP boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 59.2% in the 4th quarter, HoldingsChannel reports. The firm owned 405,028 shares of the specialty chemicals company’s stock after buying an additional 150,592 shares during the period. LyondellBasell Industries accounts for about 1.2% of Hosking Partners LLP’s investment portfolio, making the stock its 29th largest holding. Hosking Partners LLP’s holdings in LyondellBasell Industries were worth $30,081,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Jacobs Levy Equity Management Inc. raised its stake in shares of LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after acquiring an additional 871,708 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock valued at $769,500,000 after purchasing an additional 362,671 shares in the last quarter. Franklin Resources Inc. raised its position in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after purchasing an additional 293,622 shares during the last quarter. Geode Capital Management LLC raised its position in LyondellBasell Industries by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after purchasing an additional 277,108 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in LyondellBasell Industries by 40.0% in the fourth quarter. Allianz Asset Management GmbH now owns 947,614 shares of the specialty chemicals company’s stock worth $70,379,000 after purchasing an additional 270,694 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $76.01 on Friday. The stock has a 50-day moving average of $75.86 and a 200-day moving average of $84.66. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The stock has a market cap of $24.68 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 quarter in the prior year, the company posted $1.26 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LYB shares. Barclays cut their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target 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. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group lowered their target price 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. 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. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

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.