Investors Buy LyondellBasell Industries NV (LYB) on Weakness

Traders bought shares of LyondellBasell Industries NV (NYSE:LYB) on weakness during trading on Tuesday. $51.53 million flowed into the stock on the tick-up and $30.91 million flowed out of the stock on the tick-down, for a money net flow of $20.62 million into the stock. Of all stocks tracked, LyondellBasell Industries NV had the 25th highest net in-flow for the day. LyondellBasell Industries NV traded down ($0.98) for the day and closed at $98.06

LYB has been the topic of several recent research reports. SunTrust Banks, Inc. restated a “hold” rating and issued a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. UBS AG restated a “neutral” rating and issued a $88.00 price objective (up from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Cowen and Company restated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. Zacks Investment Research downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 price objective on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $94.80.

The company has a 50 day moving average of $94.49 and a 200 day moving average of $87.22. The stock has a market capitalization of $38.81 billion, a P/E ratio of 10.95 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last issued its 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. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. LyondellBasell Industries NV’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. Equities research analysts anticipate that LyondellBasell Industries NV will post $9.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were given a dividend of $0.90 per share. The ex-dividend date was Friday, September 1st. This represents a $3.60 dividend on an annualized basis and a yield of 3.67%. LyondellBasell Industries NV’s payout ratio is 40.18%.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in LyondellBasell Industries NV by 2.8% during the second quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after purchasing an additional 821,391 shares during the last quarter. Vanguard Group Inc. boosted its position in LyondellBasell Industries NV by 2.0% during the second quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after purchasing an additional 473,129 shares during the last quarter. BlackRock Inc. boosted its position in LyondellBasell Industries NV by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. Capital World Investors boosted its position in LyondellBasell Industries NV by 23.0% during the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Finally, State Street Corp boosted its position in LyondellBasell Industries NV by 0.6% during the first quarter. State Street Corp now owns 15,462,749 shares of

LYB has been the topic of several recent research reports. SunTrust Banks, Inc. restated a “hold” rating and issued a $96.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. UBS AG restated a “neutral” rating and issued a $88.00 price objective (up from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Cowen and Company restated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. Zacks Investment Research downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $110.00 price objective on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $94.80.

The company has a 50 day moving average of $94.49 and a 200 day moving average of $87.22. The stock has a market capitalization of $38.81 billion, a P/E ratio of 10.95 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last issued its 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. The business had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. LyondellBasell Industries NV’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. Equities research analysts anticipate that LyondellBasell Industries NV will post $9.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were given a dividend of $0.90 per share. The ex-dividend date was Friday, September 1st. This represents a $3.60 dividend on an annualized basis and a yield of 3.67%. LyondellBasell Industries NV’s payout ratio is 40.18%.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV 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 Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in LyondellBasell Industries NV by 2.8% during the second quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after purchasing an additional 821,391 shares during the last quarter. Vanguard Group Inc. boosted its position in LyondellBasell Industries NV by 2.0% during the second quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock valued at $2,070,041,000 after purchasing an additional 473,129 shares during the last quarter. BlackRock Inc. boosted its position in LyondellBasell Industries NV by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. Capital World Investors boosted its position in LyondellBasell Industries NV by 23.0% during the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Finally, State Street Corp boosted its position in LyondellBasell Industries NV by 0.6% during 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 purchasing an additional 88,954 shares during the last quarter. 73.81% of the stock is owned by hedge funds and other institutional investors.

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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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