Dakota Wealth Management cut its stake in LyondellBasell Industries NV (NYSE:LYB) by 15.2% in the 4th quarter, HoldingsChannel reports. The firm owned 16,808 shares of the specialty chemicals company’s stock after selling 3,019 shares during the period. Dakota Wealth Management’s holdings in LyondellBasell Industries were worth $1,723,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of LYB. Vident Investment Advisory LLC bought a new position in shares of LyondellBasell Industries in the 2nd quarter worth about $201,000. Global X Management Co LLC grew its position in LyondellBasell Industries by 128.5% during the 2nd quarter. Global X Management Co LLC now owns 4,445 shares of the specialty chemicals company’s stock valued at $488,000 after purchasing an additional 2,500 shares during the last quarter. Schroder Investment Management Group grew its position in LyondellBasell Industries by 18.2% during the 2nd quarter. Schroder Investment Management Group now owns 962,634 shares of the specialty chemicals company’s stock valued at $105,264,000 after purchasing an additional 148,506 shares during the last quarter. Bank of New York Mellon Corp grew its position in LyondellBasell Industries by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock valued at $475,825,000 after purchasing an additional 64,786 shares during the last quarter. Finally, Old Port Advisors purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $811,000. Institutional investors own 73.04% of the company’s stock.

In related news, major shareholder Ai Investments Holdings Llc purchased 131,870 shares of the company’s stock in a transaction dated Monday, November 5th. The shares were purchased at an average price of $93.10 per share, with a total value of $12,277,097.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were bought at an average cost of $88.63 per share, for a total transaction of $443,150.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 4,401,236 shares of company stock worth $418,531,263. Insiders own 0.09% of the company’s stock.

Shares of NYSE LYB traded down $2.06 during trading on Tuesday, reaching $85.80. 2,512,143 shares of the company traded hands, compared to its average volume of 2,494,382. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 0.67. The company has a market cap of $33.71 billion, a PE ratio of 8.39, a PEG ratio of 0.84 and a beta of 1.21. LyondellBasell Industries NV has a 52-week low of $77.52 and a 52-week high of $121.95.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.28. The firm had revenue of $10.16 billion for the quarter, compared to the consensus estimate of $9.95 billion. LyondellBasell Industries had a net margin of 15.01% and a return on equity of 47.35%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.67 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries NV will post 11.59 EPS for the current fiscal year.

Several analysts recently commented on LYB shares. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, November 12th. HSBC raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 price objective on the stock in a research report on Friday, November 2nd. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research report on Thursday, October 4th. Standpoint Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of LyondellBasell Industries in a research report on Thursday, November 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $116.94.

ILLEGAL ACTIVITY NOTICE: “Dakota Wealth Management Decreases Holdings in LyondellBasell Industries NV (LYB)” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2019/01/22/dakota-wealth-management-decreases-holdings-in-lyondellbasell-industries-nv-lyb.html.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; 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, copolymers, and compounds.

Featured Story: What is the Current Ratio?

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.