Sit Investment Associates Has Decreased Lyondellbasell Industries Nv (LYB) Stake by $3.22 Million; Share Price Declined; Diam Company LTD Trimmed Its Lincoln Natl Ind (LNC) Stake as Market Valuation Declined

May 15, 2018 - By David Stenberg

LyondellBasell Industries N.V. (NYSE:LYB) Logo

Sit Investment Associates Inc decreased its stake in Lyondellbasell Industries Nv (LYB) by 18.27% based on its latest 2017Q4 regulatory filing with the SEC. Sit Investment Associates Inc sold 29,270 shares as the company’s stock declined 5.31% with the market. The institutional investor held 130,955 shares of the major chemicals company at the end of 2017Q4, valued at $14.45 million, down from 160,225 at the end of the previous reported quarter. Sit Investment Associates Inc who had been investing in Lyondellbasell Industries Nv for a number of months, seems to be less bullish one the $43.92B market cap company. The stock increased 0.04% or $0.04 during the last trading session, reaching $112.02. About 333,416 shares traded. LyondellBasell Industries N.V. (NYSE:LYB) has risen 17.51% since May 15, 2017 and is uptrending. It has outperformed by 5.96% the S&P500.

Diam Company Ltd decreased its stake in Lincoln Natl Corp Ind (LNC) by 6.78% based on its latest 2017Q4 regulatory filing with the SEC. Diam Company Ltd sold 24,142 shares as the company’s stock declined 7.45% with the market. The institutional investor held 331,791 shares of the life insurance company at the end of 2017Q4, valued at $25.51 million, down from 355,933 at the end of the previous reported quarter. Diam Company Ltd who had been investing in Lincoln Natl Corp Ind for a number of months, seems to be less bullish one the $14.98B market cap company. The stock increased 0.62% or $0.42 during the last trading session, reaching $68.5. About 518,393 shares traded. Lincoln National Corporation (NYSE:LNC) has risen 13.38% since May 15, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.

Among 25 analysts covering LyondellBasell (NYSE:LYB), 10 have Buy rating, 3 Sell and 12 Hold. Therefore 40% are positive. LyondellBasell had 79 analyst reports since September 1, 2015 according to SRatingsIntel. Susquehanna maintained LyondellBasell Industries N.V. (NYSE:LYB) on Sunday, March 18 with “Hold” rating. The firm has “Buy” rating by Alembic given on Monday, May 7. The firm has “Buy” rating by Alembic given on Friday, July 28. The company was maintained on Tuesday, October 31 by RBC Capital Markets. RBC Capital Markets maintained the shares of LYB in report on Wednesday, June 21 with “Hold” rating. The firm earned “Hold” rating on Tuesday, October 10 by HSBC. The firm has “Hold” rating given on Tuesday, April 17 by RBC Capital Markets. The firm has “Market Perform” rating given on Monday, June 13 by Cowen & Co. Jefferies maintained the stock with “Hold” rating in Monday, October 30 report. The firm earned “Hold” rating on Tuesday, October 17 by RBC Capital Markets.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.07, from 0.84 in 2017Q3. It improved, 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. Caisse De Depot Et Placement Du Quebec, a Quebec – Canada-based fund reported 128,461 shares. Omers Administration Corp holds 0.01% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB) for 12,400 shares. New York-based Blackrock has invested 0.11% in LyondellBasell Industries N.V. (NYSE:LYB). Asset Mgmt Inc has 4,973 shares. Catawba Mgmt Va invested in 4,790 shares or 0.12% of the stock. Moreover, California State Teachers Retirement Systems has 0.14% invested in LyondellBasell Industries N.V. (NYSE:LYB) for 608,038 shares. Rockefeller Service reported 16 shares or 0% of all its holdings. The New York-based Lumina Fund Management Ltd Liability has invested 0.1% in LyondellBasell Industries N.V. (NYSE:LYB). Mcf Advsr Llc has 0% invested in LyondellBasell Industries N.V. (NYSE:LYB). E&G Advsrs Limited Partnership holds 7,126 shares. 29,875 are owned by Roanoke Asset Mgmt New York. Wesbanco Retail Bank invested 0.02% of its portfolio in LyondellBasell Industries N.V. (NYSE:LYB). Southeast Asset reported 2,991 shares stake. The Rhode Island-based Amica Retiree has invested 0.15% in LyondellBasell Industries N.V. (NYSE:LYB). Moreover, Great West Life Assurance Can has 0.17% invested in LyondellBasell Industries N.V. (NYSE:LYB).

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 9.53 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.

Sit Investment Associates Inc, which manages about $6.54B and $4.19B US Long portfolio, upped its stake in Pioneer High Income Tr Pht (NYSE:PHT) by 305,278 shares to 320,356 shares, valued at $3.11 million in 2017Q4, according to the filing. It also increased its holding in Blackrock Muniholdings Fund Ii (MUH) by 49,026 shares in the quarter, for a total of 108,724 shares, and has risen its stake in Total System Services Inc (NYSE:TSS).

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.12, from 0.84 in 2017Q3. It improved, as 35 investors sold LNC shares while 213 reduced holdings. 61 funds opened positions while 176 raised stakes. 170.09 million shares or 1.02% less from 171.85 million shares in 2017Q3 were reported. Arizona State Retirement System has invested 0.08% in Lincoln National Corporation (NYSE:LNC). California State Teachers Retirement Sys has 382,890 shares. First Republic Management owns 0.09% invested in Lincoln National Corporation (NYSE:LNC) for 172,742 shares. Spears Abacus Lc reported 0.11% stake. Gam Ag reported 7,351 shares stake. Lyrical Asset Management LP holds 4.15% in Lincoln National Corporation (NYSE:LNC) or 4.42M shares. Asset Mgmt One accumulated 0.06% or 331,791 shares. Valley National Advisers holds 78 shares or 0% of its portfolio. Icon Advisers reported 90,800 shares. Lincoln National reported 22,570 shares. Advisory Serv Net Ltd reported 0.01% stake. Texas-based Texas Permanent School Fund has invested 0.06% in Lincoln National Corporation (NYSE:LNC). Mount Lucas Management Lp reported 129,311 shares stake. Greenleaf reported 293 shares or 0% of all its holdings. M&R owns 600 shares.

More recent Lincoln National Corporation (NYSE:LNC) news were published by: Seekingalpha.com which released: “Lincoln National (LNC) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Also Globenewswire.com published the news titled: “New Research: Key Drivers of Growth for Antero Resources, Hudson Pacific Properties, Lincoln National, TreeHouse …” on May 10, 2018. Businesswire.com‘s news article titled: “Lincoln Financial Group Launches Indexed Universal Life Solution with Cash Growth Flexibility for Changing Client …” with publication date: May 14, 2018 was also an interesting one.

Since February 2, 2018, it had 0 insider buys, and 7 insider sales for $14.98 million activity. 7,300 shares valued at $620,568 were sold by Cooper Ellen on Friday, February 2. Another trade for 31,657 shares valued at $2.67 million was made by Freitag Randal J on Friday, February 2. Buckingham Lisa had sold 9,462 shares worth $799,671 on Friday, February 2. GLASS DENNIS R sold $8.67 million worth of stock.

Diam Company Ltd, which manages about $45.33B US Long portfolio, upped its stake in Goodyear Tire & Rubr Co (NASDAQ:GT) by 15,038 shares to 388,113 shares, valued at $12.56M in 2017Q4, according to the filing. It also increased its holding in Westlake Chem Corp (NYSE:WLK) by 57,727 shares in the quarter, for a total of 66,196 shares, and has risen its stake in Regency Ctrs Corp (NYSE:REG).

Among 18 analysts covering Lincoln National (NYSE:LNC), 10 have Buy rating, 1 Sell and 7 Hold. Therefore 56% are positive. Lincoln National had 58 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Hold” on Thursday, June 8. The stock has “Overweight” rating by Morgan Stanley on Thursday, August 13. FBR Capital maintained Lincoln National Corporation (NYSE:LNC) on Monday, November 28 with “Mkt Perform” rating. The stock has “Overweight” rating by Barclays Capital on Friday, August 11. The stock of Lincoln National Corporation (NYSE:LNC) has “Hold” rating given on Friday, May 5 by Wells Fargo. As per Friday, January 22, the company rating was upgraded by Raymond James. On Monday, November 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Lincoln National Corporation (NYSE:LNC) has “Market Perform” rating given on Wednesday, January 13 by Wells Fargo. The firm has “Sector Perform” rating given on Thursday, February 4 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of LNC in report on Thursday, December 21 with “Hold” rating.

Analysts await Lincoln National Corporation (NYSE:LNC) to report earnings on August, 1. They expect $2.11 EPS, up 14.05% or $0.26 from last year’s $1.85 per share. LNC’s profit will be $461.46M for 8.12 P/E if the $2.11 EPS becomes a reality. After $1.97 actual EPS reported by Lincoln National Corporation for the previous quarter, Wall Street now forecasts 7.11% EPS growth.

Lincoln National Corporation (NYSE:LNC) Institutional Positions Chart

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