Cambria Investment Management L.P. lessened its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 12.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,322 shares of the specialty chemicals company’s stock after selling 1,290 shares during the period. Cambria Investment Management L.P.’s holdings in LyondellBasell Industries NV were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. BlackRock Inc. raised its position in shares of LyondellBasell Industries NV by 2,032.9% during the 1st quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock worth $1,829,488,000 after purchasing an additional 19,121,769 shares during the last quarter. FMR LLC raised 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 worth $2,656,249,000 after purchasing an additional 4,990,465 shares during the last quarter. Capital World Investors raised its position in shares of LyondellBasell Industries NV by 23.0% during the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Beutel Goodman & Co Ltd. acquired a new position in shares of LyondellBasell Industries NV during the 2nd quarter worth about $102,907,000. Finally, Schroder Investment Management Group raised its position in shares of LyondellBasell Industries NV by 31.8% during the 1st quarter. Schroder Investment Management Group now owns 3,082,478 shares of the specialty chemicals company’s stock worth $281,337,000 after purchasing an additional 743,569 shares during the last quarter. Hedge funds and other institutional investors own 73.81% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE LYB) traded down 0.3108% during mid-day trading on Friday, hitting $99.1708. 410,822 shares of the stock were exchanged. LyondellBasell Industries NV has a one year low of $76.71 and a one year high of $100.74. The company has a 50-day moving average of $93.80 and a 200 day moving average of $87.10. The stock has a market cap of $39.25 billion, a PE ratio of 11.0719 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 11.40% and a return on equity of 60.87%. The company’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 earnings per share. On average, equities analysts predict that LyondellBasell Industries NV will post $9.92 earnings per share 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 given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio is presently 40.18%.

In other 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.09% of the company’s stock.

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LYB has been the subject of several research analyst reports. Cowen and Company restated a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 price objective on shares of LyondellBasell Industries NV in a report on Wednesday, June 28th. HSBC Holdings plc initiated coverage on shares of LyondellBasell Industries NV in a report on Monday, June 26th. They issued a “buy” rating and a $101.00 price objective for the company. Jefferies Group LLC reiterated a “hold” rating and issued a $88.00 price objective on shares of LyondellBasell Industries NV in a report on Friday, June 16th. 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 research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. LyondellBasell Industries NV currently has a consensus rating of “Hold” and an average target price of $94.33.

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.

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

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