Sandy Spring Bank acquired a new stake in shares of LyondellBasell Industries NV (NYSE:LYB) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 4,901 shares of the specialty chemicals company’s stock, valued at approximately $414,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC grew its stake in 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 in the last quarter. Vanguard Group Inc. grew its stake in 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 in the last quarter. BlackRock Inc. grew its stake in 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 in the last quarter. State Street Corp grew its stake in 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in 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 in the last quarter. 73.81% of the stock is owned by institutional investors.

Several analysts recently issued reports on LYB shares. UBS AG reaffirmed a “neutral” rating and set a $88.00 price objective (up previously from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries NV in a research note on Monday, August 28th. Zacks Investment Research lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 target price on shares of LyondellBasell Industries NV in a report on Wednesday, June 28th. Finally, ValuEngine upgraded shares of LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $95.67.

Shares of LyondellBasell Industries NV (LYB) traded up 0.03% during trading on Monday, hitting $95.20. 819,049 shares of the stock traded hands. The firm has a market cap of $37.68 billion, a PE ratio of 10.63 and a beta of 1.04. LyondellBasell Industries NV has a 52-week low of $75.56 and a 52-week high of $97.64. The company’s 50 day moving average is $89.93 and its 200 day moving average is $86.35.

LyondellBasell Industries NV (NYSE:LYB) last released its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. LyondellBasell Industries NV’s revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries NV will post $9.89 EPS for the current year.

LyondellBasell Industries NV announced that its board has initiated a share repurchase plan on Wednesday, May 24th that authorizes the company to repurchase 1,000% of shares. This repurchase authorization authorizes the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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

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In related news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

About LyondellBasell Industries NV

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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