Gotham Asset Management LLC Trims Stake in LyondellBasell Industries NV (LYB)

Gotham Asset Management LLC decreased its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 78.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,356 shares of the specialty chemicals company’s stock after selling 189,396 shares during the period. Gotham Asset Management LLC’s holdings in LyondellBasell Industries NV were worth $4,503,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Biltmore Wealth Management LLC boosted its position in shares of LyondellBasell Industries NV by 0.4% during the 1st 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 in the last quarter. First Heartland Consultants Inc. boosted 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 worth $228,000 after buying an additional 47 shares during the period. Glenview Trust Co boosted its holdings in shares of LyondellBasell Industries NV by 0.4% in the second quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock worth $1,186,000 after buying an additional 50 shares during the period. CAPROCK Group Inc. boosted its holdings in shares of LyondellBasell Industries NV by 1.0% in the second quarter. CAPROCK Group Inc. now owns 8,338 shares of the specialty chemicals company’s stock worth $704,000 after buying an additional 79 shares during the period. Finally, Nippon Life Insurance Co. boosted its holdings in shares of LyondellBasell Industries NV by 0.6% in the second quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock worth $1,356,000 after buying an additional 88 shares during the period. Institutional investors own 73.81% of the company’s stock.

Several research analysts have commented on the stock. Jefferies Group LLC reiterated a “hold” rating and issued a $95.00 target price (up from $88.00) on shares of LyondellBasell Industries NV in a report on Tuesday. HSBC Holdings plc cut shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price for the company. in a report on Tuesday. Cowen and Company reiterated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a report on Wednesday, October 4th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a report on Saturday, September 30th. Finally, Nomura reiterated a “hold” rating and issued a $99.00 target price (up from $90.00) on shares of LyondellBasell Industries NV in a report on Tuesday, September 26th. Three 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 issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $94.80.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total transaction of $287,580.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

Shares of LyondellBasell Industries NV (LYB) traded down 0.53% during trading on Thursday, reaching $96.74. 158,249 shares of the company traded hands. The stock has a market cap of $38.29 billion, a P/E ratio of 10.80 and a beta of 1.04. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $100.74. The stock’s 50 day moving average price is $95.02 and its 200-day moving average price is $87.37.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly 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 return on equity of 60.87% and a net margin of 11.40%. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter in the prior year, the firm posted $2.56 EPS. The business’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts expect that LyondellBasell Industries NV will post $9.97 EPS for the current fiscal 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 dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio (DPR) is currently 40.18%.

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About LyondellBasell Industries NV

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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