LyondellBasell Industries NV (LYB) Holdings Cut by Federated Investors Inc. PA

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Federated Investors Inc. PA reduced its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,614 shares of the specialty chemicals company’s stock after selling 879 shares during the period. Federated Investors Inc. PA’s holdings in LyondellBasell Industries were worth $1,495,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in LYB. Hudock Capital Group LLC grew its stake in shares of LyondellBasell Industries by 151.6% during the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock worth $100,000 after acquiring an additional 552 shares in the last quarter. Cornerstone Advisors Inc. grew its stake in shares of LyondellBasell Industries by 138.3% during the 1st quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock worth $104,000 after acquiring an additional 571 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in shares of LyondellBasell Industries by 192.2% during the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $109,000 after acquiring an additional 661 shares in the last quarter. Sun Life Financial INC grew its stake in shares of LyondellBasell Industries by 843.4% in the second quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after buying an additional 894 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its stake in shares of LyondellBasell Industries by 1,670.4% in the second quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock valued at $135,000 after buying an additional 1,186 shares in the last quarter. Hedge funds and other institutional investors own 72.61% of the company’s stock.

LyondellBasell Industries stock traded up $0.47 during mid-day trading on Friday, hitting $97.50. 3,153,025 shares of the company’s stock traded hands, compared to its average volume of 2,285,177. LyondellBasell Industries NV has a fifty-two week low of $96.19 and a fifty-two week high of $121.95. The company has a market capitalization of $39.91 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.92 and a beta of 1.14. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.27 and a quick ratio of 1.51.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a return on equity of 53.77% and a net margin of 15.51%. The business had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.11 billion. As a group, equities analysts anticipate that LyondellBasell Industries NV will post 11.67 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, August 24th. BMO Capital Markets raised their target price on shares of LyondellBasell Industries from $111.00 to $112.00 and gave the company a “market perform” rating in a research note on Tuesday, August 7th. Cowen raised their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a research note on Friday, August 10th. Citigroup raised their target price on shares of LyondellBasell Industries from $122.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, August 15th. Finally, ValuEngine cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $117.78.

About LyondellBasell Industries

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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