Sand Hill Global Advisors LLC Sells 145 Shares of LyondellBasell Industries NV (LYB)

Sand Hill Global Advisors LLC cut its holdings in LyondellBasell Industries NV (NYSE:LYB) by 0.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,764 shares of the specialty chemicals company’s stock after selling 145 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in LyondellBasell Industries NV were worth $3,862,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Biltmore Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 30 shares during the period. First Heartland Consultants Inc. increased its holdings in shares of 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 valued at $228,000 after purchasing an additional 47 shares during the period. Glenview Trust Co grew its holdings in LyondellBasell Industries NV by 0.5% during the first quarter. Glenview Trust Co now owns 14,001 shares of the specialty chemicals company’s stock worth $1,277,000 after acquiring an additional 75 shares during the period. CAPROCK Group Inc. grew its holdings in LyondellBasell Industries NV by 1.0% during the second quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock worth $704,000 after acquiring an additional 79 shares during the period. Finally, Nippon Life Insurance Co. boosted its position in LyondellBasell Industries NV by 0.6% during the second quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock worth $1,356,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 73.81% of the company’s stock.

LYB has been the topic of a number of recent analyst reports. Jefferies Group LLC reiterated a “hold” rating and set a $88.00 price target on shares of LyondellBasell Industries NV in a research report on Friday, June 16th. UBS AG reiterated a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of LyondellBasell Industries NV in a research report on Sunday, June 25th. HSBC Holdings plc started coverage on LyondellBasell Industries NV in a research report on Monday, June 26th. They set a “buy” rating and a $101.00 price target on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded LyondellBasell Industries NV from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. LyondellBasell Industries NV has an average rating of “Hold” and an average price target of $95.67.

LyondellBasell Industries NV (NYSE LYB) opened at 96.87 on Friday. LyondellBasell Industries NV has a 1-year low of $75.76 and a 1-year high of $97.64. The company’s 50-day moving average price is $90.28 and its 200 day moving average price is $86.32. The firm has a market capitalization of $38.34 billion, a PE ratio of 10.82 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, beating the Zacks’ consensus estimate of $2.68 by $0.14. The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 earnings per share. On average, equities analysts anticipate that LyondellBasell Industries NV will post $9.91 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 1st. This represents a $3.60 dividend on an annualized basis and a yield of 3.72%. LyondellBasell Industries NV’s dividend payout ratio (DPR) is presently 40.18%.

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In other news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is owned by insiders.

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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