Skba Capital Management LLC Has Decreased Lyondellbasell Industries N (LYB) Position by $4.39 Million

May 24, 2018 - By Jacob Falcon

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. Cincinnati Corporation owns 0.24% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 50,000 shares. Sand Hill Global Advisors Limited Company has 43,976 shares. Manufacturers Life Ins The holds 0.08% or 680,088 shares in its portfolio. Employees Retirement Sys Of Texas reported 156,600 shares or 0.22% of all its holdings. Cwm Limited Liability has 0% invested in LyondellBasell Industries N.V. (NYSE:LYB). Hancock Hldgs Communications has 0.07% invested in LyondellBasell Industries N.V. (NYSE:LYB). 2,711 are held by Huntington Bancorporation. Mason Street Advisors Ltd Liability Corporation invested 0.11% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Northern Tru has invested 0.14% in LyondellBasell Industries N.V. (NYSE:LYB). Cincinnati Indemnity invested in 7% or 16,134 shares. Enterprise Svcs Corp holds 0.03% or 565 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reported 0.04% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Veritable LP accumulated 10,781 shares. Univest Of Pennsylvania owns 3,734 shares or 0.17% of their US portfolio. Fil Limited reported 0.38% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB).

Skba Capital Management Llc decreased its stake in Lyondellbasell Industries N (LYB) by 27.96% based on its latest 2017Q4 regulatory filing with the SEC. Skba Capital Management Llc sold 39,950 shares as the company’s stock declined 5.31% with the market. The institutional investor held 102,950 shares of the major chemicals company at the end of 2017Q4, valued at $11.36 million, down from 142,900 at the end of the previous reported quarter. Skba Capital Management Llc who had been investing in Lyondellbasell Industries N for a number of months, seems to be less bullish one the $45.84 billion market cap company. The stock increased 1.09% or $1.26 during the last trading session, reaching $116.93. About 1.88 million shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 17.51% since May 24, 2017 and is uptrending. It has outperformed by 5.96% the S&P500.

Skba Capital Management Llc, which manages about $958.13M and $719.31M US Long portfolio, upped its stake in Medtronic Plc (NYSE:MDT) by 90,740 shares to 94,136 shares, valued at $7.60 million in 2017Q4, according to the filing.

Analysts await LyondellBasell Industries N.V. (NYSE:LYB) to report earnings on July, 27. They expect $2.94 EPS, up 4.26 % or $0.12 from last year’s $2.82 per share. LYB’s profit will be $1.15B for 9.94 P/E if the $2.94 EPS becomes a reality. After $3.11 actual EPS 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: Prnewswire.com, which released: “LyondellBasell Bayport Complex Receives Prestigious Safety Award” on May 21, 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. The company was maintained on Monday, February 5 by SunTrust. The rating was maintained by Cowen & Co on Wednesday, January 31 with “Hold”. The rating was maintained by RBC Capital Markets on Tuesday, April 17 with “Hold”. Citigroup upgraded LyondellBasell Industries N.V. (NYSE:LYB) on Monday, December 18 to “Buy” rating. The rating was maintained by Jefferies on Tuesday, January 2 with “Hold”. The firm has “Buy” rating by Morgan Stanley given on Friday, February 16. The rating was maintained by Cowen & Co with “Hold” on Monday, May 7. The rating was maintained by Alembic on Monday, February 12 with “Buy”. The firm has “Buy” rating given on Wednesday, May 16 by Jefferies. Standpoint Research downgraded LyondellBasell Industries N.V. (NYSE:LYB) on Monday, May 21 to “Hold” rating.

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

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