Wellington Shields Capital Management LLC trimmed its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 58.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,140 shares of the specialty chemicals company’s stock after selling 10,100 shares during the period. Wellington Shields Capital Management LLC’s holdings in LyondellBasell Industries NV were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in LyondellBasell Industries NV by 98.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 343,787 shares of the specialty chemicals company’s stock worth $34,052,000 after buying an additional 170,240 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of LyondellBasell Industries NV by 2.4% in the 3rd quarter. Advisor Group Inc. now owns 28,574 shares of the specialty chemicals company’s stock valued at $2,831,000 after purchasing an additional 682 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of LyondellBasell Industries NV by 9.4% in the 3rd quarter. Toronto Dominion Bank now owns 124,487 shares of the specialty chemicals company’s stock valued at $12,329,000 after purchasing an additional 10,729 shares during the last quarter. Summit Financial Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries NV in the 3rd quarter valued at about $2,415,000. Finally, Intrust Bank NA lifted its holdings in shares of LyondellBasell Industries NV by 17.7% in the 3rd quarter. Intrust Bank NA now owns 5,832 shares of the specialty chemicals company’s stock valued at $578,000 after purchasing an additional 877 shares during the last quarter. 74.58% of the stock is owned by institutional investors.

LyondellBasell Industries NV (LYB) traded down $0.45 on Wednesday, hitting $103.74. The company had a trading volume of 1,796,600 shares, compared to its average volume of 2,612,983. The firm has a market cap of $41,098.82, a PE ratio of 10.77, a P/E/G ratio of 1.16 and a beta of 1.08. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $107.83.

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In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

LYB has been the subject of several research reports. Cowen and Company reissued a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a report on Monday, August 28th. UBS AG boosted their target price on LyondellBasell Industries NV from $88.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 13th. downgraded LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 price objective for the company. in a research note on Tuesday, October 10th. ValuEngine raised LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price objective (up from $88.00) on shares of LyondellBasell Industries NV in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $99.56.

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)

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