Dimensional Fund Advisors LP boosted its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,093,522 shares of the specialty chemicals company’s stock after purchasing an additional 20,902 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.28% of LyondellBasell Industries NV worth $92,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of LyondellBasell Industries NV by 2,032.9% in 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 acquiring an additional 19,121,769 shares during the last quarter. FMR LLC increased its holdings in shares of LyondellBasell Industries NV by 20.7% in 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 acquiring an additional 4,990,465 shares during the last quarter. Beutel Goodman & Co Ltd. purchased a new position in shares of LyondellBasell Industries NV in the 2nd quarter valued at about $102,907,000. Schroder Investment Management Group increased its holdings in shares of LyondellBasell Industries NV by 31.8% in the 1st quarter. Schroder Investment Management Group now owns 3,082,478 shares of the specialty chemicals company’s stock valued at $281,337,000 after acquiring an additional 743,569 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of LyondellBasell Industries NV by 111.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 1,356,295 shares of the specialty chemicals company’s stock valued at $114,458,000 after acquiring an additional 715,903 shares during the last quarter. Institutional investors own 73.81% of the company’s stock.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (LYB) opened at 98.88 on Thursday. LyondellBasell Industries NV has a 52-week low of $76.71 and a 52-week high of $100.74. The firm has a market capitalization of $39.14 billion, a PE ratio of 11.04 and a beta of 1.04. The firm’s 50-day moving average price is $93.46 and its 200-day moving average price is $87.01.

LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS 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 company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. LyondellBasell Industries NV’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries NV will post $9.92 earnings per share for the current fiscal 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 $0.90 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $3.60 dividend on an annualized basis and a yield of 3.64%. LyondellBasell Industries NV’s payout ratio is currently 40.18%.

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A number of research analysts have recently commented on LYB shares. Cowen and Company reiterated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a 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 started coverage on LyondellBasell Industries NV in a report on Monday, June 26th. They issued a “buy” rating and a $101.00 price objective on the stock. 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 LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, eight have given 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 a consensus price target of $94.33.

LyondellBasell Industries NV 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.

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

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