Retirement Systems of Alabama decreased its stake in LyondellBasell Industries (NYSE:LYB) by 2.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 174,041 shares of the company’s stock after selling 4,744 shares during the period. Retirement Systems of Alabama’s holdings in LyondellBasell Industries were worth $12,952,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LYB. Commonwealth Equity Services Inc boosted its stake in LyondellBasell Industries by 1.6% in the first quarter. Commonwealth Equity Services Inc now owns 18,177 shares of the company’s stock valued at $1,556,000 after buying an additional 282 shares in the last quarter. IFP Advisors Inc boosted its stake in LyondellBasell Industries by 28.2% in the first quarter. IFP Advisors Inc now owns 5,351 shares of the company’s stock valued at $458,000 after buying an additional 1,176 shares in the last quarter. Ngam Advisors L.P. boosted its stake in LyondellBasell Industries by 4.3% in the first quarter. Ngam Advisors L.P. now owns 25,379 shares of the company’s stock valued at $2,172,000 after buying an additional 1,045 shares in the last quarter. Teachers Advisors Inc. boosted its stake in LyondellBasell Industries by 3.8% in the first quarter. Teachers Advisors Inc. now owns 698,608 shares of the company’s stock valued at $59,787,000 after buying an additional 25,731 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in LyondellBasell Industries by 566.7% in the first quarter. Franklin Resources Inc. now owns 2,711,999 shares of the company’s stock valued at $232,097,000 after buying an additional 2,305,218 shares in the last quarter. Hedge funds and other institutional investors own 71.62% of the company’s stock.

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Shares of LyondellBasell Industries (NYSE:LYB) traded up 0.22% during midday trading on Monday, reaching $80.84. The company’s stock had a trading volume of 3,204,395 shares. The company has a market capitalization of $33.61 billion, a P/E ratio of 8.73 and a beta of 1.46. LyondellBasell Industries has a one year low of $69.10 and a one year high of $98.25. The stock’s 50-day moving average is $78.28 and its 200-day moving average is $80.30.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, July 29th. The company reported $2.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.06. LyondellBasell Industries had a return on equity of 66.25% and a net margin of 13.91%. The firm had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the firm posted $2.81 earnings per share. LyondellBasell Industries’s quarterly revenue was down 19.9% on a year-over-year basis. On average, equities analysts expect that LyondellBasell Industries will post $9.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 16th were given a $0.85 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.21%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 36.68%.

LYB has been the subject of several research analyst reports. Cowen and Company cut LyondellBasell Industries from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $105.00 to $87.00 in a research report on Monday, June 13th. Morgan Stanley restated a “buy” rating on shares of LyondellBasell Industries in a report on Thursday, June 16th. JPMorgan Chase & Co. cut LyondellBasell Industries from an “overweight” rating to a “neutral” rating and cut their price target for the company from $100.00 to $80.00 in a report on Thursday, June 23rd. Vetr upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $85.17 price target for the company in a report on Monday, June 27th. Finally, Royal Bank Of Canada cut LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $100.00 to $84.00 in a report on Monday, June 27th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $90.60.

In other news, Director Jagjeet S. Bindra sold 3,750 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

5 Day Chart for NYSE:LYB

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