Los Angeles Capital Management & Equity Research Inc. decreased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 2.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 573,156 shares of the specialty chemicals company’s stock after selling 17,113 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.15% of LyondellBasell Industries NV worth $56,771,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Glenview Trust Co lifted its position in LyondellBasell Industries NV by 0.4% in the 2nd quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock valued at $1,186,000 after acquiring an additional 50 shares in the last quarter. Kingfisher Capital LLC increased its stake in LyondellBasell Industries NV by 0.5% in the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $1,410,000 after buying an additional 75 shares during the last quarter. CAPROCK Group Inc. increased its stake in shares of LyondellBasell Industries NV by 1.0% during the 2nd quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock worth $704,000 after purchasing an additional 79 shares during the last quarter. Advisory Services Network LLC increased its stake in shares of LyondellBasell Industries NV by 0.4% during the 2nd quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock worth $1,622,000 after purchasing an additional 81 shares during the last quarter. Finally, Nippon Life Insurance Co. increased its stake in shares of LyondellBasell Industries NV by 0.6% during the 2nd quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock worth $1,356,000 after purchasing an additional 88 shares during the last quarter. 74.58% of the stock is currently owned by institutional investors and hedge funds.

Shares of LyondellBasell Industries NV (NYSE LYB) traded up $0.07 during trading hours on Monday, reaching $104.26. 1,533,300 shares of the company’s stock traded hands, compared to its average volume of 2,621,614. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $107.83. The company has a market cap of $40,930.00, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.16 and a beta of 1.08.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.

Several equities research analysts have recently issued reports on LYB shares. Zacks Investment Research lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and set a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. UBS AG restated a “neutral” rating and set a $88.00 price target (up previously from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. BidaskClub lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC set a $88.00 price target on shares of LyondellBasell Industries NV and gave the stock a “hold” rating in a research note on Monday, August 21st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries NV currently has a consensus rating of “Hold” and a consensus price target of $99.56.

WARNING: “Los Angeles Capital Management & Equity Research Inc. Sells 17,113 Shares of LyondellBasell Industries NV (LYB)” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/11/13/los-angeles-capital-management-equity-research-inc-sells-17113-shares-of-lyondellbasell-industries-nv-lyb.html.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Institutional Ownership by Quarter for LyondellBasell Industries NV (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related companies with MarketBeat.com's FREE daily email newsletter.