Louisiana State Employees Retirement System cut its position in LyondellBasell Industries NV (NYSE:LYB) by 3.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,600 shares of the specialty chemicals company’s stock after selling 700 shares during the quarter. Louisiana State Employees Retirement System’s holdings in LyondellBasell Industries were worth $2,162,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LYB. Fieldpoint Private Securities LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $109,000. BDO Wealth Advisors LLC raised its position in shares of LyondellBasell Industries by 64.5% in the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after buying an additional 700 shares in the last quarter. WESPAC Advisors SoCal LLC raised its position in shares of LyondellBasell Industries by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 100 shares in the last quarter. Salem Investment Counselors Inc. raised its position in shares of LyondellBasell Industries by 80.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 800 shares in the last quarter. Finally, WFG Advisors LP raised its position in shares of LyondellBasell Industries by 66.4% in the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after buying an additional 883 shares in the last quarter. Institutional investors own 74.09% of the company’s stock.

LyondellBasell Industries NV (NYSE:LYB) opened at $116.88 on Thursday. The stock has a market cap of $46,100.00, a P/E ratio of 12.46, a P/E/G ratio of 1.36 and a beta of 1.08. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month high of $118.13. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a return on equity of 58.13% and a net margin of 11.32%. analysts anticipate that LyondellBasell Industries NV will post 9.96 earnings per share for the current year.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.09% of the company’s stock.

Several brokerages have recently commented on LYB. Wells Fargo & Co restated an “outperform” rating and issued a $125.00 target price (up from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a research report on Tuesday, January 9th. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Monday, December 18th. Finally, Barclays boosted their target price on shares of LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, October 31st. Two investment 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 company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $103.74.

TRADEMARK VIOLATION NOTICE: “Louisiana State Employees Retirement System Has $2.16 Million Stake in LyondellBasell Industries NV (LYB)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this article can be read at https://www.thecerbatgem.com/2018/01/18/louisiana-state-employees-retirement-system-has-2-16-million-stake-in-lyondellbasell-industries-nv-lyb.html.

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.

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.