American Trust Investment Advisors LLC Has $950,000 Position in LyondellBasell Industries NV (LYB)

American Trust Investment Advisors LLC raised its stake in LyondellBasell Industries NV (NYSE:LYB) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,256 shares of the specialty chemicals company’s stock after buying an additional 18 shares during the period. American Trust Investment Advisors LLC’s holdings in LyondellBasell Industries NV were worth $950,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FMR LLC boosted its stake in LyondellBasell Industries NV by 20.7% in the first quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock valued at $2,656,249,000 after buying an additional 4,990,465 shares in the last quarter. Vanguard Group Inc. boosted its stake in LyondellBasell Industries NV by 2.5% in the first quarter. Vanguard Group Inc. now owns 24,056,326 shares of the specialty chemicals company’s stock valued at $2,193,697,000 after buying an additional 587,985 shares in the last quarter. BlackRock Inc. boosted its stake in LyondellBasell Industries NV by 2,032.9% in the first quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock valued at $1,829,488,000 after buying an additional 19,121,769 shares in the last quarter. State Street Corp boosted its stake in LyondellBasell Industries NV by 0.6% in the first quarter. State Street Corp now owns 15,462,749 shares of the specialty chemicals company’s stock valued at $1,410,047,000 after buying an additional 88,954 shares in the last quarter. Finally, American International Group Inc. boosted its stake in LyondellBasell Industries NV by 1.6% in the first quarter. American International Group Inc. now owns 5,486,417 shares of the specialty chemicals company’s stock valued at $500,306,000 after buying an additional 86,029 shares in the last quarter. 74.23% of the stock is owned by institutional investors.

LyondellBasell Industries NV (NYSE:LYB) opened at 87.34 on Friday. The stock has a market capitalization of $34.57 billion, a PE ratio of 9.75 and a beta of 1.06. The firm has a 50-day moving average of $86.89 and a 200 day moving average of $86.61. LyondellBasell Industries NV has a one year low of $74.02 and a one year high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $8.52 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts anticipate that LyondellBasell Industries NV will post $9.89 earnings per share for the current fiscal year.

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

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Several analysts have recently weighed in on the stock. BidaskClub cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. UBS AG restated a “neutral” rating and set a $88.00 price objective (up previously from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Deutsche Bank AG restated a “buy” rating and set a $94.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Zacks Investment Research cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $92.00 target price on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $94.81.

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 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.

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

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