Dorsey & Whitney Trust CO LLC trimmed its position in LyondellBasell Industries NV (NYSE:LYB) by 6.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,678 shares of the specialty chemicals company’s stock after selling 239 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in LyondellBasell Industries NV were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LYB. World Asset Management Inc grew its stake in LyondellBasell Industries NV by 11.5% in the first quarter. World Asset Management Inc now owns 38,194 shares of the specialty chemicals company’s stock worth $3,483,000 after purchasing an additional 3,928 shares during the period. Morse Asset Management Inc purchased a new stake in LyondellBasell Industries NV in the first quarter worth $228,000. Sand Hill Global Advisors LLC grew its stake in LyondellBasell Industries NV by 2.4% in the first quarter. Sand Hill Global Advisors LLC now owns 45,909 shares of the specialty chemicals company’s stock worth $4,186,000 after purchasing an additional 1,094 shares during the period. UBS Asset Management Americas Inc. grew its stake in LyondellBasell Industries NV by 2.0% in the first quarter. UBS Asset Management Americas Inc. now owns 3,719,506 shares of the specialty chemicals company’s stock worth $339,182,000 after purchasing an additional 73,959 shares during the period. Finally, British Columbia Investment Management Corp grew its stake in LyondellBasell Industries NV by 24.9% in the first quarter. British Columbia Investment Management Corp now owns 231,071 shares of the specialty chemicals company’s stock worth $21,071,000 after purchasing an additional 46,067 shares during the period. 73.82% of the stock is currently owned by institutional investors.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total transaction of $287,580.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by insiders.

LyondellBasell Industries NV (NYSE LYB) opened at 95.17 on Friday. The company has a market capitalization of $37.67 billion, a P/E ratio of 10.63 and a beta of 1.04. The stock’s 50 day moving average price is $89.93 and its 200-day moving average price is $86.35. LyondellBasell Industries NV has a one year low of $75.76 and a one year high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.52 billion. During the same period in the previous year, the business earned $2.56 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Equities analysts forecast that LyondellBasell Industries NV will post $9.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, September 1st. This represents a $3.60 annualized dividend and a yield of 3.78%. LyondellBasell Industries NV’s dividend payout ratio (DPR) is 40.18%.

LyondellBasell Industries NV announced that its board has authorized a stock buyback plan on Wednesday, May 24th that permits the company to buyback 1,000% of outstanding shares. This buyback authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

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LYB has been the topic of several recent research reports. HSBC Holdings plc initiated coverage on LyondellBasell Industries NV in a research note on Monday, June 26th. They issued a “buy” rating and a $101.00 price target on the stock. Deutsche Bank AG reissued a “buy” rating and issued a $94.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Royal Bank Of Canada reissued a “hold” rating and issued a $92.00 target price on shares of LyondellBasell Industries NV in a research note on Friday, July 14th. BidaskClub raised LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $88.00 target price on shares of LyondellBasell Industries NV in a research note on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $95.67.

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.

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

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