Evercore Wealth Management LLC lessened its stake in LyondellBasell Industries NV (NYSE:LYB) by 3.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,908 shares of the specialty chemicals company’s stock after selling 158 shares during the quarter. Evercore Wealth Management LLC’s holdings in LyondellBasell Industries NV were worth $414,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in shares of LyondellBasell Industries NV by 1.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,093,522 shares of the specialty chemicals company’s stock valued at $92,280,000 after purchasing an additional 20,902 shares during the last quarter. Hancock Holding Co. increased its holdings in shares of LyondellBasell Industries NV by 18.3% in the second quarter. Hancock Holding Co. now owns 12,937 shares of the specialty chemicals company’s stock valued at $1,092,000 after purchasing an additional 2,004 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of LyondellBasell Industries NV in the second quarter valued at approximately $31,562,000. Lumina Fund Management LLC increased its holdings in shares of LyondellBasell Industries NV by 50.0% in the second quarter. Lumina Fund Management LLC now owns 15,000 shares of the specialty chemicals company’s stock valued at $1,266,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of LyondellBasell Industries NV by 111.8% in the second quarter. Parametric Portfolio Associates LLC now owns 1,356,295 shares of the specialty chemicals company’s stock valued at $114,458,000 after purchasing an additional 715,903 shares during the last quarter. 73.81% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Evercore Wealth Management LLC Sells 158 Shares of LyondellBasell Industries NV (LYB)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/28/evercore-wealth-management-llc-sells-158-shares-of-lyondellbasell-industries-nv-lyb.html.

In other news, Director Jagjeet S. Bindra sold 3,224 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

LyondellBasell Industries NV (LYB) opened at 100.03 on Thursday. The stock’s 50 day moving average price is $90.28 and its 200 day moving average price is $86.32. LyondellBasell Industries NV has a 52-week low of $75.76 and a 52-week high of $100.11. The stock has a market capitalization of $39.59 billion, a price-to-earnings ratio of 11.17 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.14. The business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.56 EPS. On average, analysts forecast that LyondellBasell Industries NV will post $9.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, September 1st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.61%. LyondellBasell Industries NV’s payout ratio is 40.18%.

Several equities research analysts recently commented on LYB shares. BidaskClub cut LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Cowen and Company reaffirmed a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a report on Monday, August 28th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $94.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Zacks Investment Research cut LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $92.00 price target on shares of LyondellBasell Industries NV in a report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $95.88.

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)

Receive News & Stock Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related stocks with our FREE daily email newsletter.