Marco Investment Management LLC increased its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,450 shares of the specialty chemicals company’s stock after purchasing an additional 1,600 shares during the period. LyondellBasell Industries NV accounts for about 1.5% of Marco Investment Management LLC’s holdings, making the stock its 19th biggest holding. Marco Investment Management LLC’s holdings in LyondellBasell Industries NV were worth $9,236,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. UBS Asset Management Americas Inc. increased its position in LyondellBasell Industries NV by 2.0% during 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 last quarter. State of Wisconsin Investment Board increased its position in LyondellBasell Industries NV by 11.7% during the first quarter. State of Wisconsin Investment Board now owns 374,969 shares of the specialty chemicals company’s stock worth $34,193,000 after purchasing an additional 39,288 shares during the last quarter. Lipe & Dalton increased its position in LyondellBasell Industries NV by 0.5% during the first quarter. Lipe & Dalton now owns 28,820 shares of the specialty chemicals company’s stock worth $2,628,000 after purchasing an additional 150 shares during the last quarter. Intellectus Partners LLC increased its position in LyondellBasell Industries NV by 6.7% during the first quarter. Intellectus Partners LLC now owns 6,728 shares of the specialty chemicals company’s stock worth $613,000 after purchasing an additional 423 shares during the last quarter. Finally, Segment Wealth Management LLC increased its position in LyondellBasell Industries NV by 2.3% during the first quarter. Segment Wealth Management LLC now owns 31,902 shares of the specialty chemicals company’s stock worth $2,909,000 after purchasing an additional 730 shares during the last quarter. Hedge funds and other institutional investors own 73.81% of the company’s stock.

Several research firms recently issued reports on LYB. ValuEngine upgraded shares of LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Cowen and Company reiterated a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. Jefferies Group LLC set a $88.00 price target on shares of LyondellBasell Industries NV and gave the company a “hold” rating in a research report on Monday, August 21st. BidaskClub cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, UBS AG reiterated a “neutral” rating and set a $88.00 price target (up from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries NV presently has a consensus rating of “Hold” and an average price target of $95.67.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is owned by company insiders.

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Shares of LyondellBasell Industries NV (NYSE LYB) traded up 1.13% on Friday, reaching $96.87. 1,531,584 shares of the company were exchanged. The stock has a market capitalization of $38.34 billion, a PE ratio of 10.82 and a beta of 1.04. The company has a 50-day moving average price of $90.28 and a 200 day moving average price of $86.32. LyondellBasell Industries NV has a 1-year low of $75.76 and a 1-year high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $8.52 billion. During the same quarter last year, the company earned $2.56 earnings per share. LyondellBasell Industries NV’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts forecast that LyondellBasell Industries NV will post $9.91 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 $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio (DPR) is 40.18%.

LyondellBasell Industries NV 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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