Texas Yale Capital Corp. Sells 14,636 Shares of LyondellBasell Industries NV (NYSE:LYB)

Texas Yale Capital Corp. decreased its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 48.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,876 shares of the specialty chemicals company’s stock after selling 14,636 shares during the quarter. Texas Yale Capital Corp.’s holdings in LyondellBasell Industries were worth $1,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of LYB. OppenheimerFunds Inc. raised its holdings in LyondellBasell Industries by 2,155.2% during the 1st quarter. OppenheimerFunds Inc. now owns 1,016,734 shares of the specialty chemicals company’s stock valued at $85,487,000 after acquiring an additional 971,651 shares during the period. Thoroughbred Financial Services LLC raised its holdings in LyondellBasell Industries by 11,981.7% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 610,489 shares of the specialty chemicals company’s stock valued at $61,049,000 after acquiring an additional 605,436 shares during the period. First Trust Advisors LP raised its holdings in LyondellBasell Industries by 97.1% during the 1st quarter. First Trust Advisors LP now owns 910,403 shares of the specialty chemicals company’s stock valued at $76,547,000 after acquiring an additional 448,395 shares during the period. Amundi Pioneer Asset Management Inc. raised its holdings in LyondellBasell Industries by 14.1% during the 1st 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 acquiring an additional 377,195 shares during the period. Finally, Hamlin Capital Management LLC bought a new stake in LyondellBasell Industries during the 1st quarter valued at $25,282,000. 76.39% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. 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. Citigroup began coverage on shares of LyondellBasell Industries in a report on Friday, July 12th. They issued a “neutral” rating and a $92.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of LyondellBasell Industries in a report on Friday, July 19th. They issued an “underweight” rating and a $80.00 price target on the stock. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Barclays decreased their price target on shares of LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $105.47.

NYSE:LYB traded down $0.55 during midday trading on Tuesday, hitting $75.76. The company had a trading volume of 38,929 shares, compared to its average volume of 3,747,651. LyondellBasell Industries NV has a 52-week low of $73.94 and a 52-week high of $116.63. The stock has a fifty day simple moving average of $85.26. The firm has a market cap of $25.58 billion, a P/E ratio of 6.75, a PEG ratio of 0.81 and a beta of 1.31. 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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