Dreman Value Management L L C held its stake in LyondellBasell Industries NV (NYSE:LYB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,623 shares of the specialty chemicals company’s stock at the end of the 2nd quarter. LyondellBasell Industries NV comprises 0.9% of Dreman Value Management L L C’s investment portfolio, making the stock its 27th biggest position. Dreman Value Management L L C’s holdings in LyondellBasell Industries NV were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. GWM Advisors LLC raised its holdings in LyondellBasell Industries NV by 28.8% during the 2nd quarter. GWM Advisors LLC now owns 3,352 shares of the specialty chemicals company’s stock valued at $282,000 after acquiring an additional 749 shares during the period. Koch Industries Inc. bought a new stake in LyondellBasell Industries NV during the 2nd quarter valued at $231,000. Kingfisher Capital LLC raised its holdings in LyondellBasell Industries NV by 0.5% during the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $1,410,000 after acquiring an additional 75 shares during the period. Intellectus Partners LLC raised its holdings in LyondellBasell Industries NV by 8.0% during the 2nd quarter. Intellectus Partners LLC now owns 7,264 shares of the specialty chemicals company’s stock valued at $613,000 after acquiring an additional 536 shares during the period. Finally, Scotia Capital Inc. raised its holdings in LyondellBasell Industries NV by 123.9% during the 2nd quarter. Scotia Capital Inc. now owns 100,753 shares of the specialty chemicals company’s stock valued at $8,502,000 after acquiring an additional 55,763 shares during the period. 73.81% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts have issued reports on the stock. Cowen and Company reissued a “hold” rating and set a $90.00 target price on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $96.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Saturday, September 30th. HSBC Holdings plc cut shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 price target on the stock. in a report on Tuesday. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price target (up previously from $88.00) on shares of LyondellBasell Industries NV in a report on Tuesday. Finally, Nomura reaffirmed a “hold” rating and issued a $99.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $96.33.

LyondellBasell Industries NV (NYSE:LYB) traded up 0.15% during mid-day trading on Friday, reaching $97.68. 1,475,542 shares of the company’s stock traded hands. LyondellBasell Industries NV has a one year low of $76.71 and a one year high of $100.74. The firm’s 50-day moving average price is $95.49 and its 200 day moving average price is $87.50. The firm has a market cap of $38.66 billion, a price-to-earnings ratio of 10.91 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last posted its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $8.40 billion for the quarter, compared to the consensus estimate of $8.52 billion. During the same period in the previous year, the firm posted $2.56 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries NV will post $9.99 EPS for the current year.

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