Conning Inc. lowered its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 3.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 73,388 shares of the specialty chemicals company’s stock after selling 2,624 shares during the quarter. Conning Inc.’s holdings in LyondellBasell Industries were worth $6,170,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc increased its position in shares of LyondellBasell Industries by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock valued at $2,640,901,000 after purchasing an additional 179,076 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of LyondellBasell Industries by 7,934.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,343,271 shares of the specialty chemicals company’s stock valued at $160,000 after purchasing an additional 13,177,190 shares during the last quarter. Northern Trust Corp increased its position in shares of LyondellBasell Industries by 6.4% during the 4th quarter. Northern Trust Corp now owns 4,992,995 shares of the specialty chemicals company’s stock valued at $415,218,000 after purchasing an additional 298,882 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of LyondellBasell Industries by 9.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,746,054 shares of the specialty chemicals company’s stock valued at $486,518,000 after purchasing an additional 414,462 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of LyondellBasell Industries by 0.3% during the 3rd quarter. Morgan Stanley now owns 4,620,137 shares of the specialty chemicals company’s stock valued at $473,610,000 after purchasing an additional 13,175 shares during the last quarter. 72.50% of the stock is currently owned by hedge funds and other institutional investors.

LYB has been the subject of a number of recent analyst reports. Zacks Investment Research cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, February 2nd. BMO Capital Markets dropped their price objective on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a report on Tuesday, February 5th. Cowen restated a “market perform” rating and set a $100.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, February 6th. Finally, restated a “buy” rating and set a $120.00 price objective on shares of LyondellBasell Industries in a report on Tuesday, February 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. LyondellBasell Industries presently has an average rating of “Buy” and an average price target of $116.94.

LYB traded up $0.20 during trading hours on Monday, reaching $91.99. 1,379,445 shares of the company’s stock traded hands, compared to its average volume of 2,556,574. LyondellBasell Industries NV has a 52-week low of $77.52 and a 52-week high of $119.39. The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The stock has a market cap of $34.08 billion, a P/E ratio of 8.16, a PEG ratio of 0.95 and a beta of 1.10.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.13 by ($0.30). LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. The firm had revenue of $8.88 billion during the quarter, compared to analysts’ expectations of $9.22 billion. Equities analysts anticipate that LyondellBasell Industries NV will post 10.17 EPS for the current fiscal year.

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About LyondellBasell Industries

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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