Concurrent Investment Advisors LLC Sells 14,337 Shares of LyondellBasell Industries (NYSE:LYB)

Concurrent Investment Advisors LLC cut its stake in LyondellBasell Industries (NYSE:LYB) by 62.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,487 shares of the specialty chemicals company’s stock after selling 14,337 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. LMG Wealth Partners LLC grew its position in shares of LyondellBasell Industries by 4.2% in the 4th quarter. LMG Wealth Partners LLC now owns 14,760 shares of the specialty chemicals company’s stock valued at $1,096,000 after purchasing an additional 600 shares during the period. Ieq Capital LLC grew its position in shares of LyondellBasell Industries by 43.9% in the 4th quarter. Ieq Capital LLC now owns 20,925 shares of the specialty chemicals company’s stock valued at $1,554,000 after purchasing an additional 6,384 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its position in shares of LyondellBasell Industries by 100.9% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,470 shares of the specialty chemicals company’s stock valued at $1,242,000 after purchasing an additional 7,770 shares during the period. Valley Wealth Managers Inc. grew its position in shares of LyondellBasell Industries by 26.3% in the 4th quarter. Valley Wealth Managers Inc. now owns 37,078 shares of the specialty chemicals company’s stock valued at $2,754,000 after purchasing an additional 7,718 shares during the period. Finally, Kestra Investment Management LLC grew its position in shares of LyondellBasell Industries by 65.2% in the 4th quarter. Kestra Investment Management LLC now owns 5,556 shares of the specialty chemicals company’s stock valued at $413,000 after purchasing an additional 2,192 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.7 %

LYB opened at $77.05 on Monday. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The stock’s fifty day simple moving average is $75.67 and its 200 day simple moving average is $85.05. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a market cap of $25.02 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05.

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

Analyst Ratings Changes

A number of research firms have weighed in on LYB. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Morgan Stanley cut their price objective 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 cut their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Royal Bank of Canada increased their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Two equities 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 stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $88.25.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

About LyondellBasell Industries

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.