Lingohr & Partner Asset Management GmbH maintained its position in LyondellBasell Industries NV (NYSE:LYB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,613 shares of the specialty chemicals company’s stock at the end of the second quarter. LyondellBasell Industries NV comprises 0.9% of Lingohr & Partner Asset Management GmbH’s holdings, making the stock its 21st biggest holding. Lingohr & Partner Asset Management GmbH’s holdings in LyondellBasell Industries NV were worth $1,515,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of LyondellBasell Industries NV by 20.7% during the 1st quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock valued at $2,656,249,000 after acquiring an additional 4,990,465 shares during the period. Vanguard Group Inc. lifted its position in shares of LyondellBasell Industries NV by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 24,056,326 shares of the specialty chemicals company’s stock valued at $2,193,697,000 after acquiring an additional 587,985 shares during the period. BlackRock Inc. lifted its position in shares of LyondellBasell Industries NV by 11.6% during the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after acquiring an additional 2,327,350 shares during the period. State Street Corp lifted its position in shares of LyondellBasell Industries NV by 0.6% during the 1st quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after acquiring an additional 88,954 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of LyondellBasell Industries NV by 8.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,521,926 shares of the specialty chemicals company’s stock valued at $466,006,000 after acquiring an additional 438,039 shares during the period. Institutional investors own 73.82% of the company’s stock.

LyondellBasell Industries NV (LYB) traded up 0.78% on Friday, reaching $95.17. 7,251,700 shares of the company’s stock traded hands. The company has a market cap of $37.67 billion, a PE ratio of 10.63 and a beta of 1.04. LyondellBasell Industries NV has a 12 month low of $75.76 and a 12 month high of $97.64. The firm’s 50 day moving average price is $89.93 and its 200 day moving average price is $86.35.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.68 by $0.14. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 earnings per share. On average, equities analysts expect that LyondellBasell Industries NV will post $9.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.78%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio is currently 40.18%.

LyondellBasell Industries NV declared that its board has initiated a stock repurchase program on Wednesday, May 24th that authorizes the company to repurchase 1,000% of shares. This repurchase authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

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LYB has been the topic of a number of research reports. HSBC Holdings plc initiated coverage on shares of LyondellBasell Industries NV in a research report on Monday, June 26th. They set a “buy” rating and a $101.00 target price on the stock. Deutsche Bank AG reiterated a “buy” rating and set a $94.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “hold” rating and set a $92.00 target price on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. BidaskClub upgraded shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $88.00 target price on shares of LyondellBasell Industries NV in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries NV has an average rating of “Hold” and an average price target 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.

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

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