LyondellBasell Industries (NYSE:LYB) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,516 shares of the specialty chemicals company's stock after selling 8,385 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in LyondellBasell Industries were worth $5,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the stock. Jacobs Levy Equity Management Inc. grew its position in shares of LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after purchasing an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock worth $769,500,000 after buying an additional 362,671 shares during the last quarter. Franklin Resources Inc. grew its holdings in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock valued at $268,664,000 after buying an additional 293,622 shares during the period. Geode Capital Management LLC increased its stake in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock valued at $638,964,000 after acquiring an additional 277,108 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of LyondellBasell Industries by 1.9% during the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock worth $1,170,183,000 after acquiring an additional 230,327 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.7 %

Shares of LyondellBasell Industries stock traded down $0.57 during trading hours on Friday, hitting $77.05. 2,443,723 shares of the company's stock traded hands, compared to its average volume of 2,664,283. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a market cap of $25.02 billion, a PE ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $75.64 and a 200-day simple moving average of $85.29.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the business posted $1.26 EPS. Equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company's stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a report on Monday, November 4th. Morgan Stanley reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Royal Bank of Canada upped their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Finally, Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $88.25.

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.