Southeast Asset Advisors Inc. boosted its stake in LyondellBasell Industries NV (NYSE:LYB) by 0.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,980 shares of the specialty chemicals company’s stock after buying an additional 6 shares during the period. Southeast Asset Advisors Inc.’s holdings in LyondellBasell Industries NV were worth $252,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Biltmore Wealth Management LLC grew its position in LyondellBasell Industries NV by 0.4% in the 1st quarter. Biltmore Wealth Management LLC now owns 8,405 shares of the specialty chemicals company’s stock valued at $766,000 after buying an additional 30 shares in the last quarter. First Heartland Consultants Inc. grew its position in LyondellBasell Industries NV by 1.9% in the 1st quarter. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company’s stock valued at $228,000 after buying an additional 47 shares in the last quarter. Glenview Trust Co grew its position in LyondellBasell Industries NV by 0.4% in the 2nd quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock valued at $1,186,000 after buying an additional 50 shares in the last quarter. CAPROCK Group Inc. grew its position in LyondellBasell Industries NV by 1.0% in the 2nd quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock valued at $704,000 after buying an additional 79 shares in the last quarter. Finally, Nippon Life Insurance Co. grew its position in LyondellBasell Industries NV by 0.6% in the 2nd quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock valued at $1,356,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 73.81% of the company’s stock.

A number of brokerages recently issued reports on LYB. Cowen and Company reiterated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $96.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. Nomura reiterated a “hold” rating and issued a $99.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Tuesday, September 26th. ValuEngine upgraded shares of LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Finally, Jefferies Group LLC set a $88.00 target price on shares of LyondellBasell Industries NV and gave the company a “hold” rating in a research report on Monday, August 21st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $94.33.

In other news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total transaction of $287,580.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

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LyondellBasell Industries NV (LYB) traded up 0.34% during mid-day trading on Thursday, reaching $99.22. 546,021 shares of the company’s stock were exchanged. The stock has a market cap of $39.27 billion, a P/E ratio of 11.08 and a beta of 1.04. The stock has a 50-day moving average price of $93.46 and a 200-day moving average price of $87.01. LyondellBasell Industries NV has a 52 week low of $76.71 and a 52 week 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 (EPS) for the quarter, topping 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 business earned $2.56 earnings per share. The company’s revenue was up 14.7% compared to the same quarter last year. On average, analysts forecast that LyondellBasell Industries NV will post $9.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, September 6th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio (DPR) is presently 40.18%.

LyondellBasell Industries NV 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 NV (NYSE:LYB)

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