Archford Capital Strategies LLC boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 1,774.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,060 shares of the specialty chemicals company’s stock after buying an additional 7,630 shares during the period. Archford Capital Strategies LLC’s holdings in LyondellBasell Industries NV were worth $445,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LYB. BlackRock Inc. raised its holdings in 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 valued at $1,829,488,000 after buying an additional 19,121,769 shares during the period. Janus Henderson Group PLC raised its holdings in LyondellBasell Industries NV by 10,925.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after buying an additional 5,021,985 shares during the period. FMR LLC raised its holdings 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 buying an additional 4,990,465 shares during the period. Capital World Investors raised its holdings in 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 valued at $1,650,846,000 after buying an additional 3,651,750 shares during the period. Finally, Beutel Goodman & Co Ltd. purchased a new stake in LyondellBasell Industries NV during the 2nd quarter valued at $102,907,000. Institutional investors own 73.71% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded down 0.01% during trading on Monday, hitting $97.67. The stock had a trading volume of 368,839 shares. The stock has a market cap of $38.66 billion, a price-to-earnings ratio of 10.90 and a beta of 1.04. The company’s 50 day moving average price is $95.64 and its 200 day moving average price is $87.46. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $100.74.

LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries NV will post $9.99 earnings per share for the current fiscal year.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was 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 SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

Several analysts recently weighed in on the company. UBS AG restated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of LyondellBasell Industries NV in a report on Sunday, June 25th. Cowen and Company increased their price target on LyondellBasell Industries NV from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday. BidaskClub lowered LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Jefferies Group LLC set a $88.00 price target on LyondellBasell Industries NV and gave the company a “hold” rating in a report on Monday, August 21st. Finally, HSBC Holdings plc lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a report on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries NV presently has an average rating of “Hold” and a consensus price target of $96.67.

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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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