Norway Savings Bank acquired a new position in LyondellBasell Industries (NYSE:LYB) during the 4th quarter, HoldingsChannel reports. The fund acquired 375 shares of the specialty chemicals company’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in LyondellBasell Industries by 42.0% during the 2nd quarter. FMR LLC now owns 4,181,694 shares of the specialty chemicals company’s stock valued at $274,821,000 after acquiring an additional 1,236,101 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of LyondellBasell Industries by 44.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 3,552,047 shares of the specialty chemicals company’s stock worth $250,384,000 after acquiring an additional 1,088,449 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of LyondellBasell Industries by 92.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,231,001 shares of the specialty chemicals company’s stock valued at $157,263,000 after acquiring an additional 1,071,851 shares during the period. Morgan Stanley increased its stake in shares of LyondellBasell Industries by 20.5% in the 3rd quarter. Morgan Stanley now owns 3,378,580 shares of the specialty chemicals company’s stock worth $238,157,000 after purchasing an additional 573,728 shares in the last quarter. Finally, AJO LP raised its holdings in LyondellBasell Industries by 1,227.8% in the 3rd quarter. AJO LP now owns 544,367 shares of the specialty chemicals company’s stock worth $38,371,000 after purchasing an additional 503,369 shares during the period. Hedge funds and other institutional investors own 61.96% of the company’s stock.

Shares of NYSE:LYB opened at $97.14 on Thursday. The firm has a fifty day simple moving average of $90.56 and a two-hundred day simple moving average of $76.39. LyondellBasell Industries has a 52 week low of $33.71 and a 52 week high of $99.86. The company has a quick ratio of 1.41, a current ratio of 2.25 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $32.44 billion, a P/E ratio of 27.60, a PEG ratio of 2.33 and a beta of 1.56.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, October 30th. The specialty chemicals company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.14. LyondellBasell Industries had a net margin of 4.23% and a return on equity of 24.09%. The firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the firm earned $2.85 EPS. The firm’s revenue for the quarter was down 22.3% compared to the same quarter last year. On average, analysts expect that LyondellBasell Industries will post 4.75 earnings per share for the current year.

In related news, Director Jagjeet S. Bindra sold 1,296 shares of the stock in a transaction dated Tuesday, November 24th. The shares were sold at an average price of $89.97, for a total value of $116,601.12. Also, Director Jagjeet S. Bindra sold 1,878 shares of the firm’s stock in a transaction dated Wednesday, November 18th. The stock was sold at an average price of $83.21, for a total transaction of $156,268.38. The disclosure for this sale can be found here. Insiders have sold a total of 94,166 shares of company stock worth $8,099,374 in the last 90 days. 0.18% of the stock is currently owned by insiders.

LYB has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research report on Friday, November 13th. Truist raised their target price on shares of LyondellBasell Industries from $60.00 to $75.00 in a research note on Tuesday, October 6th. Sanford C. Bernstein lowered shares of LyondellBasell Industries from an “outperform” rating to a “market perform” rating and set a $83.00 price target for the company. in a research report on Friday, November 13th. Wells Fargo & Company reissued a “hold” rating on shares of LyondellBasell Industries in a research note on Monday, November 2nd. Finally, Zacks Investment Research upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating and set a $84.00 target price on the stock in a research note on Tuesday, November 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $75.96.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsÂAmericas; Olefins and PolyolefinsÂEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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