Machina Capital S.A.S. Cuts Stake in LyondellBasell Industries NV (NYSE:LYB)

Machina Capital S.A.S. reduced its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 46.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,605 shares of the specialty chemicals company’s stock after selling 10,098 shares during the quarter. Machina Capital S.A.S.’s holdings in LyondellBasell Industries were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. grew its holdings in LyondellBasell Industries by 1.2% during the 1st quarter. BlackRock Inc. now owns 22,850,940 shares of the specialty chemicals company’s stock valued at $1,921,305,000 after buying an additional 275,890 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of LyondellBasell Industries by 1.7% in the first quarter. Janus Henderson Group PLC now owns 5,656,949 shares of the specialty chemicals company’s stock valued at $475,637,000 after purchasing an additional 93,201 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of LyondellBasell Industries by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock valued at $359,186,000 after purchasing an additional 203,826 shares in the last quarter. LSV Asset Management grew its holdings in shares of LyondellBasell Industries by 6.0% in the first quarter. LSV Asset Management now owns 3,932,378 shares of the specialty chemicals company’s stock valued at $330,634,000 after purchasing an additional 224,003 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of LyondellBasell Industries by 14.1% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 3,049,974 shares of the specialty chemicals company’s stock valued at $256,441,000 after purchasing an additional 377,195 shares in the last quarter. 76.36% of the stock is owned by institutional investors and hedge funds.

LYB has been the subject of a number of recent research reports. JPMorgan Chase & Co. set a $430.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Friday, July 19th. Alembic Global Advisors set a $120.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a report on Friday, April 26th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 430 ($5.62) price objective on shares of in a research note on Monday, June 17th. Bank of America set a $18.00 price objective on shares of Victory Capital and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $107.38.

Shares of NYSE:LYB traded down $1.08 on Wednesday, hitting $83.31. 37,224 shares of the company’s stock were exchanged, compared to its average volume of 3,869,155. LyondellBasell Industries NV has a 12 month low of $73.94 and a 12 month high of $116.63. The company has a market capitalization of $28.61 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27. The stock’s 50 day simple moving average is $86.12. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83.

LyondellBasell Industries Profile

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

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

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