Sigma Planning Corp Invests $417,000 in LyondellBasell Industries (NYSE:LYB)

Sigma Planning Corp purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 5,610 shares of the specialty chemicals company’s stock, valued at approximately $417,000.

Other large investors also recently made changes to their positions in the company. Webster Bank N. A. boosted its stake in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its position in shares of LyondellBasell Industries by 268.2% during the 4th 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 last quarter. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $31,000. Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $59,000. Finally, Brooklyn Investment Group acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $60,000. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade 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 can be accessed through the SEC website. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler cut their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. Barclays decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley decreased their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. 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 research report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $76.01 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $24.68 billion, a price-to-earnings ratio of 18.36, a P/E/G ratio of 0.97 and a beta of 1.05. The company’s fifty day moving average is $75.86 and its 200 day moving average is $84.66. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 quarter in the prior year, the firm posted $1.26 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

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.