LyondellBasell Industries (NYSE:LYB) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. trimmed its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 36.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,581 shares of the specialty chemicals company's stock after selling 7,732 shares during the period. Cornercap Investment Counsel Inc.'s holdings in LyondellBasell Industries were worth $1,302,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LYB. CVA Family Office LLC raised its position in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 159 shares in the last quarter. Beacon Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Matrix Trust Co acquired a new stake in LyondellBasell Industries in the third quarter worth $30,000. Blue Trust Inc. increased its holdings in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries during the third quarter worth $31,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded up $0.09 during mid-day trading on Friday, reaching $82.65. 2,235,239 shares of the company traded hands, compared to its average volume of 1,870,527. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a fifty-two week low of $82.20 and a fifty-two week high of $107.02. The firm's fifty day moving average is $91.35 and its two-hundred day moving average is $95.07. The company has a market capitalization of $26.84 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the business earned $2.46 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYB. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Thursday. Royal Bank of Canada decreased their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. Mizuho reduced their target price on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Finally, Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $101.70.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.