Los Angeles Capital Management & Equity Research Inc. Sells 9,570 Shares of LyondellBasell Industries NV (NYSE:LYB)

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.



Several brokerages have recently weighed in on LYB. UBS Group raised their price objective on LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Deutsche Bank cut LyondellBasell Industries from a “buy” rating to a “hold” rating and decreased their price objective for the company from $100.00 to $94.00 in a report on Monday, June 17th. Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a report on Friday, April 26th. Jefferies Financial Group raised their price objective on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. began coverage on LyondellBasell Industries in a report on Friday, July 19th. They issued an “underweight” rating and a $80.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $102.18.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, 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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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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