Raelipskie Partnership Lowers Stock Position in LyondellBasell Industries N.V. $LYB

Raelipskie Partnership trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 28.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,239 shares of the specialty chemicals company’s stock after selling 4,424 shares during the quarter. Raelipskie Partnership’s holdings in LyondellBasell Industries were worth $650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Crews Bank & Trust lifted its stake in shares of LyondellBasell Industries by 16.4% during the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after purchasing an additional 175 shares during the last quarter. New York Life Investment Management LLC raised its stake in shares of LyondellBasell Industries by 0.5% during the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after acquiring an additional 193 shares in the last quarter. Forza Wealth Management LLC boosted its stake in LyondellBasell Industries by 1.6% in the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock valued at $894,000 after acquiring an additional 200 shares in the last quarter. Central Pacific Bank Trust Division grew its holdings in LyondellBasell Industries by 4.3% in the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 200 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of LyondellBasell Industries by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on LYB. Royal Bank Of Canada decreased their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Mizuho set a $52.00 price target on shares of LyondellBasell Industries in a research note on Monday. Wells Fargo & Company cut their target price on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday. Zacks Research downgraded LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, The Goldman Sachs Group reduced their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $57.69.

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the transaction, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Down 3.7%

LyondellBasell Industries stock opened at $42.37 on Friday. The business’s 50-day moving average price is $49.59 and its 200 day moving average price is $55.20. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The firm has a market cap of $13.64 billion, a price-to-earnings ratio of 55.02 and a beta of 0.87. LyondellBasell Industries N.V. has a 52 week low of $42.31 and a 52 week high of $87.56.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.88 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.