Balentine LLC raised its stake in LyondellBasell Industries NV (NYSE:LYB) by 5.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,234 shares of the specialty chemicals company’s stock after purchasing an additional 267 shares during the quarter. Balentine LLC’s holdings in LyondellBasell Industries NV were worth $442,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of LYB. Glenview Trust Co raised its stake in shares of LyondellBasell Industries NV by 0.5% in the first quarter. Glenview Trust Co now owns 14,001 shares of the specialty chemicals company’s stock worth $1,277,000 after purchasing an additional 75 shares during the last quarter. Clinton Group Inc. purchased a new stake in shares of LyondellBasell Industries NV in the first quarter worth approximately $1,893,000. Cipher Capital LP purchased a new stake in shares of LyondellBasell Industries NV in the first quarter worth approximately $6,317,000. Schroder Investment Management Group raised its stake in shares of LyondellBasell Industries NV by 31.8% in the first 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. Finally, Blair William & Co. IL raised its stake in shares of LyondellBasell Industries NV by 1.1% in the first quarter. Blair William & Co. IL now owns 8,407 shares of the specialty chemicals company’s stock worth $767,000 after purchasing an additional 91 shares during the last quarter. 73.81% of the stock is owned by hedge funds and other institutional investors.

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In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were 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 can be accessed through this link. 0.09% of the stock is currently owned by insiders.

Shares of LyondellBasell Industries NV (LYB) traded down 0.07% during trading on Monday, reaching $98.83. The company’s stock had a trading volume of 328,877 shares. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 11.03 and a beta of 1.04. LyondellBasell Industries NV has a one year low of $76.71 and a one year high of $100.74. The firm’s 50-day moving average price is $94.16 and its 200-day moving average price is $87.16.

LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results 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 quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.56 EPS. On average, equities analysts anticipate that LyondellBasell Industries NV will post $9.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were paid 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 yield of 3.64%. LyondellBasell Industries NV’s dividend payout ratio is presently 40.18%.

Several analysts have recently commented on the company. Cowen and Company reissued a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Saturday, September 30th. Nomura reissued a “hold” rating and issued a $99.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Tuesday, September 26th. ValuEngine raised LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC set a $88.00 price objective on LyondellBasell Industries NV and gave the stock a “hold” rating in a research note on Monday, August 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries NV currently has an average rating of “Hold” and a consensus target price of $94.33.

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.

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

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