Signaturefd LLC Sells 1,219 Shares of LyondellBasell Industries NV (NYSE:LYB)

Signaturefd LLC lowered its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 37.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,010 shares of the specialty chemicals company’s stock after selling 1,219 shares during the period. Signaturefd LLC’s holdings in LyondellBasell Industries were worth $173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LYB. Cutter & CO Brokerage Inc. acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at about $565,000. Advisor Group Inc. raised its stake in LyondellBasell Industries by 2.2% during the 2nd quarter. Advisor Group Inc. now owns 40,190 shares of the specialty chemicals company’s stock worth $3,470,000 after buying an additional 858 shares during the period. Canal Capital Management LLC raised its stake in LyondellBasell Industries by 18.3% during the 2nd quarter. Canal Capital Management LLC now owns 16,484 shares of the specialty chemicals company’s stock worth $1,420,000 after buying an additional 2,550 shares during the period. AMG National Trust Bank acquired a new position in LyondellBasell Industries during the 2nd quarter worth approximately $1,177,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in LyondellBasell Industries by 11.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 13,510 shares of the specialty chemicals company’s stock worth $1,164,000 after buying an additional 1,350 shares during the period. Institutional investors and hedge funds own 76.55% of the company’s stock.

A number of research analysts recently weighed in on LYB shares. JPMorgan Chase & Co. started coverage on LyondellBasell Industries in a research note on Friday, July 19th. They set an “underweight” rating and a $80.00 price target on the stock. Cowen dropped their price target on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating on the stock in a research note on Monday. Barclays dropped their price target on LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Jefferies Financial Group upped their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, BMO Capital Markets dropped their price target on LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $102.18.



Shares of LyondellBasell Industries stock opened at $73.17 on Friday. The company has a market cap of $25.35 billion, a PE ratio of 6.49, a price-to-earnings-growth ratio of 0.81 and a beta of 1.31. LyondellBasell Industries NV has a 52 week low of $71.83 and a 52 week high of $116.63. The business has a 50 day moving average price of $82.94 and a 200-day moving average price of $85.01. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra bought 1,360 shares of LyondellBasell Industries stock in a transaction dated Wednesday, August 14th. The stock was bought at an average cost of $73.48 per share, with a total value of $99,932.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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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