Bowling Portfolio Management LLC reduced its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 40,362 shares of the specialty chemicals company’s stock after selling 6,617 shares during the period. Bowling Portfolio Management LLC’s holdings in LyondellBasell Industries were worth $4,138,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Scopus Asset Management L.P. purchased a new stake in shares of LyondellBasell Industries in the second quarter valued at about $10,985,000. Northwest Bancshares Inc. boosted its holdings in shares of LyondellBasell Industries by 125.7% in the second quarter. Northwest Bancshares Inc. now owns 10,424 shares of the specialty chemicals company’s stock valued at $1,145,000 after acquiring an additional 5,806 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of LyondellBasell Industries by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock valued at $475,825,000 after acquiring an additional 64,786 shares in the last quarter. Bridgewater Associates LP boosted its holdings in shares of LyondellBasell Industries by 1.9% in the second quarter. Bridgewater Associates LP now owns 98,512 shares of the specialty chemicals company’s stock valued at $10,822,000 after acquiring an additional 1,866 shares in the last quarter. Finally, 10 15 Associates Inc. purchased a new stake in shares of LyondellBasell Industries in the second quarter valued at about $10,616,000. 72.61% of the stock is currently owned by institutional investors.

Shares of NYSE LYB traded up $0.18 during midday trading on Thursday, hitting $96.40. The company had a trading volume of 20,096 shares, compared to its average volume of 2,286,817. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a twelve month low of $95.89 and a twelve month high of $121.95. The stock has a market capitalization of $39.91 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.92 and a beta of 1.14.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Equities research analysts expect that LyondellBasell Industries NV will post 11.67 EPS for the current fiscal year.

Several analysts have recently weighed in on LYB shares. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a report on Thursday, August 9th. Citigroup lifted their target price on shares of LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, August 15th. Standpoint Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, October 12th. ValuEngine downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Finally, Cowen lifted their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $117.46.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

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

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