LyondellBasell Industries NV (LYB) Shares Sold by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 8.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 69,714 shares of the specialty chemicals company’s stock after selling 6,400 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in LyondellBasell Industries NV were worth $5,883,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Gradient Investments LLC boosted its position in shares of LyondellBasell Industries NV by 14,489.5% in the first quarter. Gradient Investments LLC now owns 2,772 shares of the specialty chemicals company’s stock valued at $253,000 after buying an additional 2,753 shares in the last quarter. Verde Servicos Internacionais S.A. acquired a new position in shares of LyondellBasell Industries NV during the first quarter valued at about $291,000. Visionary Asset Management Inc. boosted its position in shares of LyondellBasell Industries NV by 2.9% in the first quarter. Visionary Asset Management Inc. now owns 35,528 shares of the specialty chemicals company’s stock valued at $3,240,000 after buying an additional 1,010 shares in the last quarter. Atria Investments LLC boosted its position in shares of LyondellBasell Industries NV by 37.4% in the first quarter. Atria Investments LLC now owns 28,064 shares of the specialty chemicals company’s stock valued at $2,559,000 after buying an additional 7,644 shares in the last quarter. Finally, Capital City Trust Co. FL boosted its position in shares of LyondellBasell Industries NV by 1.6% in the first quarter. Capital City Trust Co. FL now owns 12,452 shares of the specialty chemicals company’s stock valued at $1,135,000 after buying an additional 201 shares in the last quarter. 74.76% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries NV (LYB) opened at 87.60 on Friday. LyondellBasell Industries NV has a 12 month low of $74.02 and a 12 month high of $97.64. The company’s 50-day moving average is $85.92 and its 200-day moving average is $86.92. The company has a market cap of $34.67 billion, a price-to-earnings ratio of 9.78 and a beta of 1.06.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter last year, the firm posted $2.56 EPS. The company’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts anticipate that LyondellBasell Industries NV will post $9.89 earnings per share for the current year.

LyondellBasell Industries NV declared that its board has authorized a stock repurchase program on Wednesday, May 24th that permits the company to buyback 1,000% of outstanding shares. This buyback authorization permits the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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Several equities analysts have recently issued reports on LYB shares. Citigroup Inc. reaffirmed an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Friday, April 14th. Instinet decreased their target price on shares of LyondellBasell Industries NV from $91.00 to $90.00 and set a “neutral” rating for the company in a report on Monday, May 1st. Bank of America Corporation cut shares of LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $98.00 to $70.00 in a report on Monday, May 8th. Vertical Research upgraded shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, May 9th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $88.00 target price on shares of LyondellBasell Industries NV in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $94.81.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

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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