Employees Retirement System of Texas decreased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 3.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,100 shares of the specialty chemicals company’s stock after selling 3,000 shares during the quarter. Employees Retirement System of Texas’ holdings in LyondellBasell Industries were worth $10,007,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. ETRADE Capital Management LLC boosted its holdings in shares of LyondellBasell Industries by 11.4% in the first quarter. ETRADE Capital Management LLC now owns 4,706 shares of the specialty chemicals company’s stock worth $497,000 after buying an additional 480 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in LyondellBasell Industries by 8.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 6,529 shares of the specialty chemicals company’s stock worth $717,000 after acquiring an additional 496 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in LyondellBasell Industries by 1.0% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 52,777 shares of the specialty chemicals company’s stock worth $5,577,000 after acquiring an additional 500 shares during the period. Belpointe Asset Management LLC raised its stake in LyondellBasell Industries by 10.7% during the 2nd quarter. Belpointe Asset Management LLC now owns 5,327 shares of the specialty chemicals company’s stock worth $585,000 after acquiring an additional 516 shares during the period. Finally, Bailard Inc. raised its stake in LyondellBasell Industries by 17.0% during the 2nd quarter. Bailard Inc. now owns 3,646 shares of the specialty chemicals company’s stock worth $401,000 after acquiring an additional 531 shares during the period. 72.71% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on LYB shares. MED restated a “buy” rating and set a $140.00 target price on shares of LyondellBasell Industries in a research note on Monday, May 7th. Wells Fargo & Co raised their target price on shares of LyondellBasell Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 6th. Standpoint Research restated a “hold” rating on shares of LyondellBasell Industries in a research note on Friday, June 1st. Jefferies Financial Group upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.01 to $121.95 in a research note on Wednesday, May 16th. Finally, ValuEngine cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $118.57.

LyondellBasell Industries stock opened at $113.65 on Friday. The company has a market cap of $44.76 billion, a PE ratio of 10.39, a P/E/G ratio of 1.02 and a beta of 1.09. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a 1 year low of $88.81 and a 1 year high of $121.95.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.44. The firm had revenue of $10.21 billion for 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%. analysts anticipate that LyondellBasell Industries NV will post 11.88 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date is Tuesday, September 4th. LyondellBasell Industries’s payout ratio is currently 39.10%.

LyondellBasell Industries 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.

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

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