Artisan Partners Limited Partnership reduced its position in LyondellBasell Industries NV (NYSE:LYB) by 27.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 525,524 shares of the specialty chemicals company’s stock after selling 194,009 shares during the period. Artisan Partners Limited Partnership owned about 0.13% of LyondellBasell Industries worth $57,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of LYB. HL Financial Services LLC lifted its stake in shares of LyondellBasell Industries by 37.4% in the 1st quarter. HL Financial Services LLC now owns 53,491 shares of the specialty chemicals company’s stock valued at $5,653,000 after purchasing an additional 14,572 shares during the period. Sentry Investment Management LLC raised its position in LyondellBasell Industries by 167.9% during the first quarter. Sentry Investment Management LLC now owns 23,404 shares of the specialty chemicals company’s stock worth $2,473,000 after acquiring an additional 14,668 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in LyondellBasell Industries by 18.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 9,754 shares of the specialty chemicals company’s stock worth $1,031,000 after acquiring an additional 1,528 shares during the period. Manning & Napier Group LLC raised its position in LyondellBasell Industries by 29.2% during the first quarter. Manning & Napier Group LLC now owns 98,892 shares of the specialty chemicals company’s stock worth $10,450,000 after acquiring an additional 22,362 shares during the period. Finally, Greystone Managed Investments Inc. raised its position in LyondellBasell Industries by 17.7% during the first quarter. Greystone Managed Investments Inc. now owns 26,769 shares of the specialty chemicals company’s stock worth $2,829,000 after acquiring an additional 4,018 shares during the period. Hedge funds and other institutional investors own 72.71% of the company’s stock.

A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. BMO Capital Markets upped their price objective on shares of LyondellBasell Industries from $111.00 to $112.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 7th. Citigroup restated a “buy” rating and set a $122.00 price objective on shares of LyondellBasell Industries in a research report on Tuesday, July 10th. Cowen reduced their price objective on shares of LyondellBasell Industries from $125.00 to $110.00 and set a “market perform” rating for the company in a research report on Monday, May 7th. Finally, Barclays restated a “buy” rating and set a $135.00 price objective on shares of LyondellBasell Industries in a research report on Sunday, May 20th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $118.57.

Shares of NYSE LYB opened at $113.65 on Friday. The stock has a market capitalization of $45.14 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 1.03 and a beta of 1.09. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a 52 week low of $88.81 and a 52 week high of $121.95.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 EPS for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.44. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. equities research analysts predict that LyondellBasell Industries NV will post 11.88 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Tuesday, September 4th. LyondellBasell Industries’s dividend payout ratio (DPR) is 39.10%.

LyondellBasell Industries 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 (NYSE:LYB)

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