Payden & Rygel decreased its holdings in LyondellBasell Industries NV (NYSE:LYB) by 82.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,200 shares of the specialty chemicals company’s stock after selling 93,600 shares during the period. Payden & Rygel’s holdings in LyondellBasell Industries NV were worth $1,705,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC boosted its stake 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 purchasing an additional 4,990,465 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of LyondellBasell Industries NV by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 24,056,326 shares of the specialty chemicals company’s stock valued at $2,193,697,000 after purchasing an additional 587,985 shares in the last quarter. BlackRock Inc. boosted its stake 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 purchasing an additional 19,121,769 shares in the last quarter. State Street Corp boosted its stake in shares of LyondellBasell Industries NV by 0.6% in the 1st quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after purchasing an additional 88,954 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of LyondellBasell Industries NV by 8.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,521,926 shares of the specialty chemicals company’s stock valued at $466,006,000 after purchasing an additional 438,039 shares in the last quarter. 73.82% of the stock is owned by institutional investors.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total transaction of $287,580.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

Shares of LyondellBasell Industries NV (NYSE LYB) traded up 0.04% on Thursday, reaching $94.21. 437,375 shares of the company’s stock traded hands. The stock has a 50-day moving average of $89.31 and a 200 day moving average of $86.21. LyondellBasell Industries NV has a 12-month low of $74.08 and a 12-month high of $97.64. The firm has a market cap of $37.29 billion, a P/E ratio of 10.52 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, topping the consensus estimate of $2.68 by $0.14. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. LyondellBasell Industries NV’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.56 earnings per share. On average, equities research analysts expect that LyondellBasell Industries NV will post $9.89 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.82%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s payout ratio is 40.18%.

LyondellBasell Industries NV declared that its board has approved a stock repurchase program on Wednesday, May 24th that permits the company to buyback 1,000% of shares. This buyback authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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A number of equities research analysts have recently issued reports on LYB shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $88.00 price objective on shares of LyondellBasell Industries NV in a research note on Friday, June 16th. UBS AG reaffirmed a “neutral” rating and issued a $85.00 price objective (down previously from $94.00) on shares of LyondellBasell Industries NV in a research note on Sunday, June 25th. HSBC Holdings plc started coverage on shares of LyondellBasell Industries NV in a research note on Monday, June 26th. They issued a “buy” rating and a $101.00 price objective for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, June 28th. Finally, BidaskClub raised shares of LyondellBasell Industries NV from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $95.67.

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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