Richard Bernstein Advisors LLC held its stake in LyondellBasell Industries NV (NYSE:LYB) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,633 shares of the specialty chemicals company’s stock at the end of the second quarter. Richard Bernstein Advisors LLC’s holdings in LyondellBasell Industries NV were worth $2,332,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. FMR LLC increased its position in shares of LyondellBasell Industries NV by 20.7% in the first quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock worth $2,656,249,000 after buying an additional 4,990,465 shares during the period. Advisory Services Network LLC acquired a new position in shares of LyondellBasell Industries NV during the first quarter worth about $1,746,000. BlackRock Inc. increased its position in shares of LyondellBasell Industries NV by 2,032.9% in the first quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock worth $1,829,488,000 after buying an additional 19,121,769 shares during the period. South Dakota Investment Council increased its position in shares of LyondellBasell Industries NV by 1.7% in the first quarter. South Dakota Investment Council now owns 140,481 shares of the specialty chemicals company’s stock worth $12,810,000 after buying an additional 2,400 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of LyondellBasell Industries NV during the first quarter worth about $458,000. 74.23% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries NV (NYSE LYB) opened at 87.34 on Monday. The company has a 50-day moving average price of $86.89 and a 200-day moving average price of $86.61. LyondellBasell Industries NV has a one year low of $74.02 and a one year high of $97.64. The firm has a market cap of $34.57 billion, a PE ratio of 9.75 and a beta of 1.06.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.52 billion. During the same period in the prior year, the company earned $2.56 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts predict that LyondellBasell Industries NV will post $9.89 earnings per share for the current fiscal year.

LyondellBasell Industries NV announced that its board has initiated a share buyback plan on Wednesday, May 24th that permits the company to buyback 1,000% of shares. This buyback authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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A number of equities analysts have recently issued reports on LYB shares. Bank of America Corporation downgraded LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and cut their target price for the stock from $98.00 to $70.00 in a research note on Monday, May 8th. Vertical Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Tuesday, May 9th. BidaskClub downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $94.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Finally, Zacks Investment Research downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. LyondellBasell Industries NV currently has a consensus rating of “Hold” and a consensus price target of $94.81.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total transaction of $287,580.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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

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