Lyondellbasell Industries Nv (LYB) Holder Grimes & Company INC Has Cut Its Stake by $8.26 Million as Shares Rose

July 12, 2018 - By Harriett Tippett

LyondellBasell Industries N.V. (NYSE:LYB) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.02, from 0.91 in 2017Q4. It dropped, as 55 investors sold LYB shares while 260 reduced holdings. 75 funds opened positions while 205 raised stakes. 281.54 million shares or 2.26% less from 288.04 million shares in 2017Q4 were reported. Great West Life Assurance Com Can holds 0.17% or 655,081 shares. Commerce Bank & Trust stated it has 2,604 shares or 0% of all its holdings. Boston Private Wealth Lc reported 0.17% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Pinnacle Wealth Mgmt Advisory Gp Ltd Com holds 0.33% in LyondellBasell Industries N.V. (NYSE:LYB) or 5,515 shares. Amica Mutual Ins Com reported 13,132 shares. Fernwood Mgmt Lc reported 0.51% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Bahl And Gaynor Incorporated holds 744,228 shares. Lifeplan Fincl Incorporated has 243 shares. Axa, a France-based fund reported 895,852 shares. Jacobs Levy Equity Management accumulated 4,610 shares or 0.01% of the stock. Williams Jones Associate Ltd reported 110,078 shares. Focused Wealth Mgmt Inc holds 0.08% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 2,500 shares. Susquehanna International Ltd Liability Partnership invested in 4,850 shares. Campbell And Company Inv Adviser Ltd Limited Liability Company holds 0.21% or 2,327 shares in its portfolio. Salem Inv Counselors owns 1,650 shares.

Grimes & Company Inc decreased its stake in Lyondellbasell Industries Nv (LYB) by 95.13% based on its latest 2018Q1 regulatory filing with the SEC. Grimes & Company Inc sold 78,685 shares as the company’s stock rose 2.94% while stock markets declined. The institutional investor held 4,032 shares of the major chemicals company at the end of 2018Q1, valued at $426,000, down from 82,717 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Lyondellbasell Industries Nv for a number of months, seems to be less bullish one the $41.71 billion market cap company. The stock decreased 3.19% or $3.51 during the last trading session, reaching $106.68. About 3.30M shares traded or 46.01% up from the average. LyondellBasell Industries N.V. (NYSE:LYB) has risen 41.02% since July 12, 2017 and is uptrending. It has outperformed by 28.45% the S&P500.

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 9.07 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.

Another recent and important LyondellBasell Industries N.V. (NYSE:LYB) news was published by which published an article titled: “A. Schulman shareholders approve deal to be bought by LyondellBasell for $2.25 billion” on June 14, 2018.

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

Among 12 analysts covering LyondellBasell (NYSE:LYB), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. LyondellBasell has $14000 highest and $105.0 lowest target. $120.50’s average target is 12.95% above currents $106.68 stock price. LyondellBasell had 19 analyst reports since January 17, 2018 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Wednesday, May 16. The company was maintained on Monday, May 7 by Alembic. Susquehanna maintained the shares of LYB in report on Sunday, March 18 with “Hold” rating. The firm has “Hold” rating given on Wednesday, January 31 by Cowen & Co. The stock has “Buy” rating by Wells Fargo on Wednesday, June 6. Cowen & Co maintained LyondellBasell Industries N.V. (NYSE:LYB) on Monday, May 7 with “Hold” rating. The firm has “Hold” rating by RBC Capital Markets given on Thursday, January 25. The firm earned “Hold” rating on Tuesday, April 17 by RBC Capital Markets. Citigroup maintained the stock with “Buy” rating in Tuesday, July 10 report. The firm has “Buy” rating by Alembic given on Monday, June 4.

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

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