Hancock Holding Co. decreased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 33.0% during the second quarter, Holdings Channel reports. The fund owned 3,251 shares of the company’s stock after selling 1,599 shares during the period. Hancock Holding Co.’s holdings in LyondellBasell Industries were worth $242,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of LyondellBasell Industries by 6.4% in the first quarter. Wellington Management Group LLP now owns 674,589 shares of the company’s stock valued at $57,730,000 after buying an additional 40,657 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of LyondellBasell Industries by 45.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 787,700 shares of the company’s stock valued at $67,411,000 after buying an additional 246,500 shares during the last quarter. First Republic Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 1.5% in the first quarter. First Republic Investment Management Inc. now owns 816,442 shares of the company’s stock valued at $69,872,000 after buying an additional 12,060 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of LyondellBasell Industries by 9.3% in the first quarter. Panagora Asset Management Inc. now owns 1,823,884 shares of the company’s stock valued at $156,088,000 after buying an additional 154,879 shares during the last quarter. Finally, AMP Capital Investors Ltd increased its stake in shares of LyondellBasell Industries by 0.4% in the first quarter. AMP Capital Investors Ltd now owns 344,301 shares of the company’s stock valued at $29,576,000 after buying an additional 1,438 shares during the last quarter. 71.62% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries (NYSE:LYB) traded up 0.4173% during mid-day trading on Wednesday, reaching $77.8636. The company had a trading volume of 1,221,252 shares. LyondellBasell Industries has a 12 month low of $69.10 and a 12 month high of $98.25. The stock has a market cap of $32.37 billion, a PE ratio of 8.4095 and a beta of 1.71. The firm’s 50-day moving average price is $77.16 and its 200-day moving average price is $80.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, July 29th. The company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by $0.06. LyondellBasell Industries had a return on equity of 66.25% and a net margin of 13.91%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.64 billion. During the same period in the prior year, the company posted $2.81 EPS. The firm’s quarterly revenue was down 19.9% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries will post $9.61 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Tuesday, August 16th were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend was Friday, August 12th. LyondellBasell Industries’s dividend payout ratio is 36.68%.

LYB has been the topic of several recent analyst reports. Susquehanna cut their target price on LyondellBasell Industries from $100.00 to $96.00 and set a “positive” rating on the stock in a research note on Friday, August 26th. Morgan Stanley reiterated a “buy” rating on shares of LyondellBasell Industries in a research report on Thursday, June 16th. Vetr upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $84.88 price target on the stock in a research report on Monday, August 1st. Nomura reiterated a “hold” rating on shares of LyondellBasell Industries in a research report on Monday, July 11th. Finally, Jefferies Group reiterated a “hold” rating and set a $84.00 price target on shares of LyondellBasell Industries in a research report on Monday, August 1st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $88.57.

In other news, Director Jagjeet S. Bindra sold 3,750 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

5 Day Chart for NYSE:LYB

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries (NYSE:LYB).

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.