Lyondellbasell Industries N.V. (LYB) Shareholder Petroleum & Resources Corp Has Lowered Its Stake as Market Valuation Declined

May 27, 2018 - By Clifton Ray

LyondellBasell Industries N.V. (NYSE:LYB) LogoInvestors sentiment increased to 0.91 in Q4 2017. Its up 0.07, from 0.84 in 2017Q3. It increased, as 51 investors sold LYB shares while 271 reduced holdings. 88 funds opened positions while 206 raised stakes. 288.04 million shares or 0.22% more from 287.42 million shares in 2017Q3 were reported. Pub Sector Pension Investment Board holds 0.02% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 29,321 shares. Moreover, Community Bancorporation Na has 0% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 19 shares. Rockefeller Fincl Service reported 0% in LyondellBasell Industries N.V. (NYSE:LYB). Fincl Bank Of The West, California-based fund reported 13,476 shares. Art Advsrs Limited Liability Com accumulated 22,600 shares or 0.11% of the stock. Aperio Group Ltd owns 163,982 shares for 0.09% of their portfolio. Cadence Capital Lc reported 48,275 shares stake. Cleararc Capital holds 17,390 shares. Lombard Odier Asset (Europe) owns 0.03% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 4,025 shares. Panagora Asset Incorporated stated it has 48,061 shares. Gotham Asset Mgmt Ltd Liability accumulated 218,352 shares or 0.35% of the stock. Cubist Systematic Strategies Lc invested in 0.06% or 10,363 shares. L & S Incorporated has 0.5% invested in LyondellBasell Industries N.V. (NYSE:LYB). Quantum Cap Mngmt holds 7,440 shares. Advsrs Limited Liability Company, New Jersey-based fund reported 72,004 shares.

Petroleum & Resources Corp decreased its stake in Lyondellbasell Industries N.V. (LYB) by 31.97% based on its latest 2017Q4 regulatory filing with the SEC. Petroleum & Resources Corp sold 64,700 shares as the company’s stock declined 5.31% with the market. The institutional investor held 137,700 shares of the major chemicals company at the end of 2017Q4, valued at $15.19 million, down from 202,400 at the end of the previous reported quarter. Petroleum & Resources Corp who had been investing in Lyondellbasell Industries N.V. for a number of months, seems to be less bullish one the $44.60 billion market cap company. The stock decreased 2.79% or $3.26 during the last trading session, reaching $113.76. About 2.55M shares traded or 2.08% up from the average. LyondellBasell Industries N.V. (NYSE:LYB) has risen 17.51% since May 27, 2017 and is uptrending. It has outperformed by 5.96% the S&P500.

Petroleum & Resources Corp, which manages about $667.73M US Long portfolio, upped its stake in Air Products And Chemicals Inc. (NYSE:APD) by 47,500 shares to 73,800 shares, valued at $12.11M in 2017Q4, according to the filing.

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on July, 27. They expect $2.94 earnings per share, up 4.26 % or $0.12 from last year’s $2.82 per share. LYB’s profit will be $1.15 billion for 9.67 P/E if the $2.94 EPS becomes a reality. After $3.11 actual earnings per share reported by LyondellBasell Industries N.V. for the previous quarter, Wall Street now forecasts -5.47 % negative EPS growth.

More news for LyondellBasell Industries N.V. (NYSE:LYB) were recently published by: Seekingalpha.com, which released: “Tracking Larry Robbins’ Glenview Capital Management Portfolio – Q1 2018 Update” on May 25, 2018. Prnewswire.com‘s article titled: “LyondellBasell to Address Deutsche Bank 2018 Global Industrials and Materials Summit” and published on May 24, 2018 is yet another important article.

LyondellBasell Industries N.V. (NYSE:LYB) Ratings Coverage

Among 13 analysts covering LyondellBasell (NYSE:LYB), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. LyondellBasell had 21 analyst reports since November 30, 2017 according to SRatingsIntel. Cowen & Co maintained the shares of LYB in report on Wednesday, January 31 with “Hold” rating. As per Monday, May 21, the company rating was downgraded by Standpoint Research. The firm has “Hold” rating given on Sunday, March 18 by Susquehanna. The firm has “Hold” rating given on Wednesday, January 3 by Vertical Research. On Tuesday, January 2 the stock rating was maintained by Jefferies with “Hold”. The rating was maintained by Cowen & Co with “Hold” on Monday, May 7. On Monday, May 7 the stock rating was maintained by Alembic with “Buy”. The stock has “Buy” rating by Alembic on Monday, February 12. As per Wednesday, January 17, the company rating was maintained by Wells Fargo. As per Wednesday, December 13, the company rating was maintained by RBC Capital Markets.

LyondellBasell Industries N.V. (NYSE:LYB) Ratings Chart

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