As Lyondellbasell Industries N (LYB) Shares Declined, Skba Capital Management LLC Has Decreased Its Position

May 24, 2018 - By Vivian Park

LyondellBasell Industries N.V. (NYSE:LYB) LogoInvestors sentiment increased to 0.91 in 2017 Q4. Its up 0.07, from 0.84 in 2017Q3. It is positive, 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. Tower Rech Capital Limited Co (Trc) owns 0.03% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 2,324 shares. Avalon Advisors Limited Liability Company has 158,238 shares. Waddell Reed Financial reported 1.42M shares. Moreover, Engineers Gate Manager Limited Partnership has 0.03% invested in LyondellBasell Industries N.V. (NYSE:LYB). Brown Advisory reported 4,516 shares or 0% of all its holdings. The Missouri-based Ent Financial Services Corporation has invested 0.03% in LyondellBasell Industries N.V. (NYSE:LYB). Sterling Capital Ltd accumulated 0.09% or 88,550 shares. Johnson Inv Counsel stated it has 5,995 shares or 0.02% of all its holdings. Fred Alger Mngmt Incorporated reported 122 shares stake. Palladium Partners Limited Com accumulated 46,806 shares. Sit Invest holds 130,955 shares or 0.34% of its portfolio. Drw Securities Ltd Liability Co holds 0.05% or 4,536 shares in its portfolio. Cap World Investors has invested 0.51% in LyondellBasell Industries N.V. (NYSE:LYB). Apg Asset Management Nv reported 0.43% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). 3,600 were reported by Credit Agricole S A.

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 1.88M 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 Johnson Ctls Intl Plc by 292,227 shares to 300,221 shares, valued at $11.44M 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 $1.15 billion 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 rating was maintained by RBC Capital Markets on Wednesday, December 13 with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Tuesday, April 17. Morgan Stanley maintained LyondellBasell Industries N.V. (NYSE:LYB) rating on Friday, February 16. Morgan Stanley has “Buy” rating and $130.0 target. The stock has “Hold” rating by Cowen & Co on Monday, May 7. The firm has “Buy” rating by Morgan Stanley given on Monday, February 5. As per Wednesday, January 31, the company rating was maintained by Cowen & Co. The firm has “Buy” rating by Citigroup given on Tuesday, February 6. The rating was maintained by Jefferies with “Hold” on Tuesday, January 2. The stock has “Hold” rating by Susquehanna on Sunday, March 18. As per Wednesday, January 3, the company rating was downgraded by Vertical Research.

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

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