Norway Savings Bank Makes New Investment in LyondellBasell Industries (NYSE:LYB)


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Norway Savings Bank acquired a new position in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 375 shares of the specialty chemicals company’s stock, valued at approximately $34,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HawsGoodwin Investment Management LLC raised its holdings in LyondellBasell Industries by 0.9% during the third quarter. HawsGoodwin Investment Management LLC now owns 14,396 shares of the specialty chemicals company’s stock worth $1,015,000 after purchasing an additional 126 shares during the last quarter. Carroll Financial Associates Inc. increased its position in LyondellBasell Industries by 28.8% during the fourth quarter. Carroll Financial Associates Inc. now owns 635 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 142 shares during the period. CNB Bank increased its position in LyondellBasell Industries by 33.5% during the third quarter. CNB Bank now owns 582 shares of the specialty chemicals company’s stock worth $41,000 after acquiring an additional 146 shares during the period. CX Institutional increased its holdings in LyondellBasell Industries by 71.4% in the 3rd quarter. CX Institutional now owns 372 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 155 shares during the period. Finally, Cambria Investment Management L.P. increased its holdings in LyondellBasell Industries by 2.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 7,878 shares of the specialty chemicals company’s stock valued at $555,000 after buying an additional 202 shares during the period. Institutional investors and hedge funds own 61.96% of the company’s stock.

LYB stock opened at $97.14 on Thursday. The company has a quick ratio of 1.41, a current ratio of 2.25 and a debt-to-equity ratio of 1.88. LyondellBasell Industries has a twelve month low of $33.71 and a twelve month high of $99.86. The company has a market cap of $32.44 billion, a P/E ratio of 27.60, a PEG ratio of 2.33 and a beta of 1.56. The business has a fifty day moving average of $90.56 and a 200-day moving average of $76.39.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, October 30th. The specialty chemicals company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.14. LyondellBasell Industries had a return on equity of 24.09% and a net margin of 4.23%. The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the previous year, the business posted $2.85 EPS. The company’s quarterly revenue was down 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that LyondellBasell Industries will post 4.75 earnings per share for the current fiscal year.

Several brokerages have issued reports on LYB. BidaskClub raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday, January 7th. Exane BNP Paribas lowered shares of LyondellBasell Industries from a “neutral” rating to an “underperform” rating and set a $80.00 price target on the stock. in a report on Wednesday, January 6th. Evercore ISI began coverage on shares of LyondellBasell Industries in a report on Monday, September 21st. They issued an “outperform” rating on the stock. Truist boosted their price target on shares of LyondellBasell Industries from $60.00 to $75.00 in a report on Tuesday, October 6th. Finally, Sanford C. Bernstein lowered shares of LyondellBasell Industries from an “outperform” rating to a “market perform” rating and set a $83.00 price target on the stock. in a report on Friday, November 13th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $75.96.

In other news, major shareholder Ai Investments Holdings Llc sold 90,881 shares of the firm’s stock in a transaction on Wednesday, December 2nd. The stock was sold at an average price of $86.01, for a total value of $7,816,674.81. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jagjeet S. Bindra sold 1,878 shares of LyondellBasell Industries stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $83.21, for a total value of $156,268.38. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,166 shares of company stock valued at $8,099,374. 0.18% of the stock is owned by corporate insiders.

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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