Canada Pension Plan Investment Board boosted its stake in LyondellBasell Industries NV (NYSE:LYB) by 10.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 962,928 shares of the specialty chemicals company’s stock after buying an additional 90,300 shares during the period. Canada Pension Plan Investment Board’s holdings in LyondellBasell Industries NV were worth $81,261,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Biltmore Wealth Management LLC boosted its stake in LyondellBasell Industries NV by 0.4% in the first 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 during the period. First Heartland Consultants Inc. boosted its stake in LyondellBasell Industries NV by 1.9% in the first quarter. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company’s stock worth $228,000 after buying an additional 47 shares during the last quarter. Glenview Trust Co boosted its stake in LyondellBasell Industries NV by 0.5% in the first quarter. Glenview Trust Co now owns 14,001 shares of the specialty chemicals company’s stock worth $1,277,000 after buying an additional 75 shares during the last quarter. CAPROCK Group Inc. boosted its stake in LyondellBasell Industries NV by 1.0% in the second quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock worth $704,000 after buying an additional 79 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in LyondellBasell Industries NV by 1.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 9,238 shares of the specialty chemicals company’s stock worth $788,000 after buying an additional 91 shares during the last quarter. Institutional investors own 74.76% of the company’s stock.

LyondellBasell Industries NV (NYSE:LYB) opened at 89.20 on Thursday. LyondellBasell Industries NV has a one year low of $74.02 and a one year high of $97.64. The firm has a market capitalization of $35.31 billion, a PE ratio of 9.96 and a beta of 1.06. The stock’s 50 day moving average is $85.69 and its 200-day moving average is $86.91.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.52 billion. During the same period in the prior year, the firm posted $2.56 EPS. LyondellBasell Industries NV’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that LyondellBasell Industries NV will post $9.89 EPS for the current fiscal year.

LyondellBasell Industries NV announced that its Board of Directors has approved a stock buyback plan on Wednesday, May 24th that permits the company to buyback 1,000% of outstanding shares. This buyback authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

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LYB has been the subject of a number of research reports. Citigroup Inc. restated an “overweight” rating on shares of LyondellBasell Industries NV in a report on Friday, April 14th. Instinet reduced their price target on shares of LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, May 1st. Bank of America Corporation cut shares of LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $98.00 to $70.00 in a report on Monday, May 8th. Vertical Research upgraded shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Tuesday, May 9th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $88.00 price target on shares of LyondellBasell Industries NV in a report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $94.81.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total transaction of $287,580.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.

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

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