Virtus ETF Advisers LLC Increases Stock Position in LyondellBasell Industries NV (NYSE:LYB)

Virtus ETF Advisers LLC boosted its stake in LyondellBasell Industries NV (NYSE:LYB) by 14,395.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,571 shares of the specialty chemicals company’s stock after purchasing an additional 29,367 shares during the quarter. Virtus ETF Advisers LLC’s holdings in LyondellBasell Industries were worth $2,547,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LYB. BlackRock Inc. increased its holdings in shares of LyondellBasell Industries by 1.2% in the 1st quarter. BlackRock Inc. now owns 22,850,940 shares of the specialty chemicals company’s stock worth $1,921,305,000 after buying an additional 275,890 shares during the last quarter. Janus Henderson Group PLC grew its holdings in LyondellBasell Industries by 3.9% during the 2nd quarter. Janus Henderson Group PLC now owns 5,877,544 shares of the specialty chemicals company’s stock valued at $506,235,000 after purchasing an additional 220,595 shares during the last quarter. Geode Capital Management LLC grew its holdings in LyondellBasell Industries by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock valued at $359,186,000 after purchasing an additional 203,826 shares during the last quarter. LSV Asset Management grew its holdings in LyondellBasell Industries by 6.0% during the 1st quarter. LSV Asset Management now owns 3,932,378 shares of the specialty chemicals company’s stock valued at $330,634,000 after purchasing an additional 224,003 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in LyondellBasell Industries by 14.1% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 3,049,974 shares of the specialty chemicals company’s stock valued at $256,441,000 after purchasing an additional 377,195 shares during the last quarter. Hedge funds and other institutional investors own 76.23% of the company’s stock.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc purchased 764,501 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price of $74.61 per share, with a total value of $57,039,419.61. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jagjeet S. Bindra purchased 1,360 shares of the stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $73.48 per share, with a total value of $99,932.80. The disclosure for this purchase can be found here. Insiders bought a total of 773,107 shares of company stock valued at $57,638,240 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Several brokerages recently commented on LYB. BMO Capital Markets cut their price target on shares of LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a report on Monday, August 5th. Cowen cut their price target on shares of LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating on the stock in a report on Monday, August 12th. Barclays cut their price target on shares of LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Zacks Investment Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a report on Tuesday, August 13th. Finally, Jefferies Financial Group upped their price target on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $102.18.

LYB stock traded up $2.76 during mid-day trading on Friday, reaching $86.54. The company had a trading volume of 213,760 shares, compared to its average volume of 2,702,798. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.47 and a quick ratio of 0.85. The company has a market capitalization of $28.25 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.92 and a beta of 1.31. The firm has a 50 day moving average of $76.95 and a 200 day moving average of $83.46. LyondellBasell Industries NV has a 12 month low of $68.61 and a 12 month high of $107.49.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 EPS for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.09). LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.26 billion. Analysts anticipate that LyondellBasell Industries NV will post 10.27 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were given a $1.05 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $4.20 annualized dividend and a dividend yield of 4.85%. LyondellBasell Industries’s payout ratio is presently 37.27%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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

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