Forvis Mazars Wealth Advisors LLC Buys 253 Shares of LyondellBasell Industries (NYSE:LYB)

Forvis Mazars Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,814 shares of the specialty chemicals company’s stock after buying an additional 253 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. boosted its holdings 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 raised its position in shares of 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 purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth about $31,000. Fortitude Family Office LLC raised 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 worth $45,000 after purchasing an additional 290 shares during the period. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $59,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.5 %

Shares of LyondellBasell Industries stock opened at $77.33 on Tuesday. The firm has a market cap of $25.11 billion, a PE ratio of 18.68, a P/E/G 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 50 day simple moving average is $75.73 and its 200 day simple moving average is $84.91. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

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 the consensus estimate 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 period last year, the business posted $1.26 EPS. On average, analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan purchased 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, with a total value of $380,300.00. Following the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LYB shares. The Goldman Sachs Group dropped their price target on 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. dropped their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada raised their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.