LyondellBasell Industries NV (LYB) Shares Sold by Piedmont Investment Advisors LLC

Piedmont Investment Advisors LLC cut its stake in LyondellBasell Industries NV (NYSE:LYB) by 48.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 151,146 shares of the specialty chemicals company’s stock after selling 144,028 shares during the period. Piedmont Investment Advisors LLC’s holdings in LyondellBasell Industries NV were worth $12,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Cibc World Markets Corp grew its position in shares of LyondellBasell Industries NV by 48.9% during the 1st quarter. Cibc World Markets Corp now owns 126,478 shares of the specialty chemicals company’s stock worth $11,534,000 after buying an additional 41,511 shares during the period. WBI Investments Inc. grew its position in shares of LyondellBasell Industries NV by 9.8% during the 1st quarter. WBI Investments Inc. now owns 11,333 shares of the specialty chemicals company’s stock worth $1,033,000 after buying an additional 1,012 shares during the period. Cornerstone Capital Management Holdings LLC. grew its position in shares of LyondellBasell Industries NV by 29.5% during the 1st quarter. Cornerstone Capital Management Holdings LLC. now owns 379,118 shares of the specialty chemicals company’s stock worth $34,570,000 after buying an additional 86,274 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of LyondellBasell Industries NV during the 1st quarter worth approximately $246,000. Finally, Artisan Partners Limited Partnership grew its position in shares of LyondellBasell Industries NV by 14.2% during the 1st quarter. Artisan Partners Limited Partnership now owns 846,576 shares of the specialty chemicals company’s stock worth $77,199,000 after buying an additional 105,242 shares during the period. 73.81% of the stock is owned by institutional investors.

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LYB has been the subject of several 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 initiated coverage on shares of LyondellBasell Industries NV in a research report on Monday, June 26th. They set a “buy” rating and a $101.00 price target for the company. Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 price target on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of LyondellBasell Industries NV from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned 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 an average target price of $95.75.

In other news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’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 filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded up 0.02% on Thursday, reaching $97.28. 913,462 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $95.02 and its 200-day moving average price is $87.37. LyondellBasell Industries NV has a 52-week low of $76.71 and a 52-week high of $100.74. The stock has a market cap of $38.50 billion, a P/E ratio of 10.86 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last announced 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 the consensus estimate of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.56 EPS. Equities analysts forecast that LyondellBasell Industries NV will post $9.97 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, September 6th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.70%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio (DPR) is 40.18%.

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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