Cognios Capital LLC trimmed its holdings in LyondellBasell Industries NV (NYSE:LYB) by 18.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 19,708 shares of the specialty chemicals company’s stock after selling 4,469 shares during the period. Cognios Capital LLC’s holdings in LyondellBasell Industries were worth $2,174,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LYB. Bank of New York Mellon Corp raised its position in shares of LyondellBasell Industries by 38.1% in the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock valued at $416,972,000 after buying an additional 1,160,471 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of LyondellBasell Industries by 19.4% in the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock valued at $652,840,000 after buying an additional 1,069,625 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of LyondellBasell Industries by 2,197.3% in the third quarter. Asset Management One Co. Ltd. now owns 526,342 shares of the specialty chemicals company’s stock valued at $52,139,000 after buying an additional 503,431 shares in the last quarter. APG Asset Management N.V. increased its stake in LyondellBasell Industries by 26.0% in the third quarter. APG Asset Management N.V. now owns 2,385,633 shares of the specialty chemicals company’s stock valued at $236,297,000 after acquiring an additional 492,500 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in LyondellBasell Industries by 27.4% in the third quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock valued at $173,383,000 after acquiring an additional 376,317 shares during the last quarter. Institutional investors own 74.28% of the company’s stock.

LYB has been the topic of a number of recent analyst reports. Citigroup raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Monday, December 18th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Tuesday, January 9th. UBS Group lifted their price objective on shares of LyondellBasell Industries from $88.00 to $96.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. SunTrust Banks reissued a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research note on Wednesday, November 1st. Finally, Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $107.84.

Shares of LyondellBasell Industries NV (NYSE LYB) opened at $105.79 on Friday. The firm has a market cap of $43,497.14, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.15 and a beta of 1.05. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $121.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share. sell-side analysts expect that LyondellBasell Industries NV will post 10.62 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Cognios Capital LLC Has $2.17 Million Stake in LyondellBasell Industries NV (LYB)” was published by Watch List News and is the property of of Watch List News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/cognios-capital-llc-has-2-17-million-stake-in-lyondellbasell-industries-nv-lyb/1854263.html.

LyondellBasell Industries Company Profile

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.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

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

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