Adams Diversified Equity Fund Inc. Has $15,697,000 Stake in LyondellBasell Industries NV (LYB)

Adams Diversified Equity Fund Inc. maintained its stake in shares of LyondellBasell Industries NV (NYSE:LYB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 186,000 shares of the specialty chemicals company’s stock at the end of the second quarter. Adams Diversified Equity Fund Inc.’s holdings in LyondellBasell Industries NV were worth $15,697,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Denali Advisors LLC boosted its stake in shares of LyondellBasell Industries NV by 58.1% in the first quarter. Denali Advisors LLC now owns 156,979 shares of the specialty chemicals company’s stock worth $14,315,000 after buying an additional 57,700 shares during the period. Fulton Bank N.A. purchased a new stake in shares of LyondellBasell Industries NV during the first quarter worth approximately $542,000. Manning & Napier Advisors LLC boosted its stake in shares of LyondellBasell Industries NV by 6.1% in the first quarter. Manning & Napier Advisors LLC now owns 67,713 shares of the specialty chemicals company’s stock worth $6,174,000 after buying an additional 3,864 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in shares of LyondellBasell Industries NV by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 286,051 shares of the specialty chemicals company’s stock worth $26,085,000 after buying an additional 5,292 shares during the period. Finally, Franklin Street Advisors Inc. NC boosted its stake in shares of LyondellBasell Industries NV by 532.9% in the first quarter. Franklin Street Advisors Inc. NC now owns 69,742 shares of the specialty chemicals company’s stock worth $6,360,000 after buying an additional 58,722 shares during the period. 74.76% of the stock is owned by hedge funds and other institutional investors.

Shares of LyondellBasell Industries NV (NYSE:LYB) traded down 0.47% during mid-day trading on Friday, reaching $87.19. The company had a trading volume of 1,893,185 shares. The company has a market capitalization of $34.51 billion, a price-to-earnings ratio of 9.73 and a beta of 1.06. LyondellBasell Industries NV has a one year low of $74.02 and a one year high of $97.64. The company has a 50 day moving average price of $86.13 and a 200 day moving average price of $86.89.

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. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.56 earnings per share. On average, analysts anticipate that LyondellBasell Industries NV will post $9.89 EPS for the current year.

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

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A number of equities research analysts have commented on the company. UBS AG reissued a “neutral” rating and issued a $88.00 price objective (up previously from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. BidaskClub cut LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reissued a “buy” rating and issued a $94.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Zacks Investment Research cut LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $92.00 price objective on shares of LyondellBasell Industries NV in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $94.81.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

LyondellBasell Industries NV Company Profile

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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