Savant Capital LLC Sells 6,999 Shares of LyondellBasell Industries N.V. $LYB

Savant Capital LLC lessened its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 28.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 17,959 shares of the specialty chemicals company’s stock after selling 6,999 shares during the period. Savant Capital LLC’s holdings in LyondellBasell Industries were worth $1,039,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Brown Advisory Inc. acquired a new position in shares of LyondellBasell Industries during the first quarter worth approximately $267,000. New York State Common Retirement Fund raised its stake in LyondellBasell Industries by 13.1% during the 1st quarter. New York State Common Retirement Fund now owns 159,897 shares of the specialty chemicals company’s stock valued at $11,257,000 after purchasing an additional 18,514 shares during the last quarter. CWM LLC raised its stake in LyondellBasell Industries by 634.8% during the 1st quarter. CWM LLC now owns 68,896 shares of the specialty chemicals company’s stock valued at $4,850,000 after purchasing an additional 59,520 shares during the last quarter. Bleakley Financial Group LLC grew its position in LyondellBasell Industries by 17.2% in the 1st quarter. Bleakley Financial Group LLC now owns 12,621 shares of the specialty chemicals company’s stock worth $888,000 after purchasing an additional 1,852 shares during the last quarter. Finally, Signaturefd LLC grew its position in LyondellBasell Industries by 11.4% in the 1st quarter. Signaturefd LLC now owns 5,025 shares of the specialty chemicals company’s stock worth $354,000 after purchasing an additional 515 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 4.9%

Shares of LYB opened at $45.45 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The stock has a market cap of $14.63 billion, a PE ratio of 59.02 and a beta of 0.87. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $85.25. The stock has a 50 day simple moving average of $48.41 and a 200-day simple moving average of $54.69.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LYB shares. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Royal Bank Of Canada cut their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Rothschild & Co Redburn decreased their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Zacks Research cut LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a research report on Monday, November 3rd. Finally, Bank of America reduced their target price on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $57.19.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Company Profile

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.