Concurrent Investment Advisors LLC Has $630,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Concurrent Investment Advisors LLC trimmed its position in shares of LyondellBasell Industries (NYSE:LYB) by 62.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,487 shares of the specialty chemicals company’s stock after selling 14,337 shares during the period. Concurrent Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $630,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LMG Wealth Partners LLC boosted its holdings in LyondellBasell Industries by 4.2% in the fourth quarter. LMG Wealth Partners LLC now owns 14,760 shares of the specialty chemicals company’s stock valued at $1,096,000 after acquiring an additional 600 shares during the last quarter. Ieq Capital LLC boosted its holdings in LyondellBasell Industries by 43.9% in the fourth quarter. Ieq Capital LLC now owns 20,925 shares of the specialty chemicals company’s stock valued at $1,554,000 after acquiring an additional 6,384 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its holdings in LyondellBasell Industries by 100.9% in the fourth 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 acquiring an additional 7,770 shares during the last quarter. Valley Wealth Managers Inc. boosted its holdings in LyondellBasell Industries by 26.3% in the fourth quarter. Valley Wealth Managers Inc. now owns 37,078 shares of the specialty chemicals company’s stock valued at $2,754,000 after acquiring an additional 7,718 shares during the last quarter. Finally, Kestra Investment Management LLC boosted its holdings in LyondellBasell Industries by 65.2% in the fourth quarter. Kestra Investment Management LLC now owns 5,556 shares of the specialty chemicals company’s stock valued at $413,000 after acquiring an additional 2,192 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price 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 of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada upped their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Morgan Stanley reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Piper Sandler reduced their target price on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Finally, 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 note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $77.05 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The stock’s 50 day moving average is $75.67 and its 200-day moving average is $85.05. The firm has a market capitalization 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 (NYSE:LYB) last issued its 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 return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the business earned $1.26 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

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.