Los Angeles Capital Management & Equity Research Inc. decreased its stake in LyondellBasell Industries NV (NYSE:LYB) by 15.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,743 shares of the specialty chemicals company’s stock after selling 9,570 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in LyondellBasell Industries were worth $4,629,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Command Bank grew its holdings in shares of LyondellBasell Industries by 64.4% in the 1st quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. Destination Wealth Management bought a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Truvestments Capital LLC bought a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $33,000. Icon Wealth Partners LLC bought a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $35,000. Finally, Reilly Financial Advisors LLC grew its holdings in shares of LyondellBasell Industries by 89.4% in the 2nd quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 195 shares in the last quarter. Institutional investors own 76.55% of the company’s stock.
Shares of NYSE:LYB opened at $73.95 on Wednesday. LyondellBasell Industries NV has a 52-week low of $72.32 and a 52-week high of $116.63. The firm has a market cap of $25.48 billion, a P/E ratio of 6.57, a P/E/G ratio of 0.81 and a beta of 1.31. The firm has a 50-day moving average price of $83.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.47 and a quick ratio of 0.85.
LyondellBasell Industries Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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