Norinchukin Bank The Sells 12,983 Shares of LyondellBasell Industries NV (LYB)

Norinchukin Bank The trimmed its holdings in LyondellBasell Industries NV (NYSE:LYB) by 28.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,515 shares of the specialty chemicals company’s stock after selling 12,983 shares during the quarter. Norinchukin Bank The’s holdings in LyondellBasell Industries were worth $3,587,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 229.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after buying an additional 708 shares in the last quarter. Fieldpoint Private Securities LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at $109,000. CENTRAL TRUST Co lifted its stake in shares of LyondellBasell Industries by 149.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after buying an additional 685 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at $134,000. Finally, Oakworth Capital Inc. lifted its stake in shares of LyondellBasell Industries by 47.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 501 shares in the last quarter. 73.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $108.61 on Tuesday. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $121.95. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The stock has a market cap of $42,842.33, a PE ratio of 8.87, a P/E/G ratio of 1.12 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The business had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the company posted $1.94 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts forecast that LyondellBasell Industries NV will post 10.75 EPS for the current fiscal year.

A number of research analysts have weighed in on LYB shares. 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. Vertical Research lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. SunTrust Banks reissued a “hold” rating and set a $100.00 price target on shares of LyondellBasell Industries in a research report on Wednesday, November 1st. Finally, UBS Group raised their price target on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $108.24.

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About LyondellBasell Industries

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.

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

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