LyondellBasell Industries NV (NYSE:LYB) Shares Bought by Breton Hill Capital Ltd.

Breton Hill Capital Ltd. raised its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 23.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 128,888 shares of the specialty chemicals company’s stock after buying an additional 24,265 shares during the period. LyondellBasell Industries NV accounts for about 2.0% of Breton Hill Capital Ltd.’s portfolio, making the stock its 9th largest position. Breton Hill Capital Ltd.’s holdings in LyondellBasell Industries NV were worth $10,877,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of LYB. FMR LLC increased its position 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 worth $2,656,249,000 after buying an additional 4,990,465 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 during the last quarter. BlackRock Inc. boosted its stake in shares of 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 during the period. State Street Corp boosted its stake in shares of 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 during the period. Finally, American International Group Inc. boosted its stake in shares of 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 during the period. Institutional investors own 74.76% of the company’s stock.

Shares of LyondellBasell Industries NV (LYB) traded down 0.47% during mid-day trading on Friday, hitting $87.19. The stock had a trading volume of 1,893,185 shares. The stock has a 50 day moving average price of $86.13 and a 200-day moving average price of $86.89. The company has a market cap of $34.51 billion, a PE ratio of 9.73 and a beta of 1.06. LyondellBasell Industries NV has a 52-week low of $74.02 and a 52-week high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.52 billion. During the same quarter last year, the firm earned $2.56 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts expect that LyondellBasell Industries NV will post $9.89 earnings per share for the current fiscal year.

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

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A number of research firms recently issued reports on LYB. 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 reaffirmed a “neutral” rating and issued a $88.00 price objective (up from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Deutsche Bank AG reiterated a “buy” rating and issued a $94.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Monday, July 31st. Zacks Investment Research lowered 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 restated a “hold” rating and issued a $92.00 price objective on shares of LyondellBasell Industries NV in a research report on Friday, July 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $94.81.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.

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

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