Richard Bernstein Advisors LLC Trims Position in LyondellBasell Industries NV (LYB)

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Richard Bernstein Advisors LLC reduced its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 12.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,633 shares of the specialty chemicals company’s stock after selling 3,797 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in LyondellBasell Industries were worth $3,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. 10 15 Associates Inc. purchased a new stake in shares of LyondellBasell Industries during the second quarter worth approximately $10,616,000. Regal Investment Advisors LLC purchased a new stake in LyondellBasell Industries in the 2nd quarter valued at $236,000. Northwest Bancshares Inc. grew its holdings in LyondellBasell Industries by 125.7% in the 2nd quarter. Northwest Bancshares Inc. now owns 10,424 shares of the specialty chemicals company’s stock valued at $1,145,000 after buying an additional 5,806 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of LyondellBasell Industries by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock valued at $475,825,000 after purchasing an additional 64,786 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its stake in shares of LyondellBasell Industries by 4.0% in the 2nd quarter. Verity Asset Management Inc. now owns 17,149 shares of the specialty chemicals company’s stock valued at $1,884,000 after purchasing an additional 657 shares during the last quarter. Institutional investors own 72.68% of the company’s stock.

NYSE:LYB traded up $0.35 during mid-day trading on Friday, reaching $105.31. 3,371,576 shares of the stock were exchanged, compared to its average volume of 1,839,294. The company has a market capitalization of $41.30 billion, a PE ratio of 9.58, a P/E/G ratio of 0.95 and a beta of 1.13. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a 1 year low of $94.00 and a 1 year high of $121.95.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.44. LyondellBasell Industries had a return on equity of 53.77% and a net margin of 15.51%. The firm had revenue of $10.21 billion for the quarter, compared to the consensus estimate of $9.11 billion. sell-side analysts anticipate that LyondellBasell Industries NV will post 11.79 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Shareholders of record on Wednesday, September 5th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, September 4th. This represents a $4.00 dividend on an annualized basis and a yield of 3.80%. LyondellBasell Industries’s payout ratio is 39.10%.

Several research firms recently issued reports on LYB. Zacks Investment Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. Wells Fargo & Co increased their price target on LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, June 6th. Jefferies Financial Group raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Standpoint Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Finally, Cowen increased their price target on LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a research report on Friday, August 10th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $117.85.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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

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