First Heartland Consultants Inc. Acquires 47 Shares of LyondellBasell Industries NV (NYSE:LYB)

First Heartland Consultants Inc. increased its position in LyondellBasell Industries NV (NYSE:LYB) by 1.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,500 shares of the specialty chemicals company’s stock after buying an additional 47 shares during the period. First Heartland Consultants Inc.’s holdings in LyondellBasell Industries NV were worth $228,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. FMR LLC raised its stake in shares of 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. raised 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 in the last quarter. American International Group Inc. raised 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of LyondellBasell Industries NV by 7.4% in the first quarter. Geode Capital Management LLC now owns 3,878,139 shares of the specialty chemicals company’s stock valued at $353,227,000 after buying an additional 266,981 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of LyondellBasell Industries NV by 2.0% in the first quarter. UBS Asset Management Americas Inc. now owns 3,719,506 shares of the specialty chemicals company’s stock valued at $339,182,000 after buying an additional 73,959 shares in the last quarter. 73.27% of the stock is currently owned by institutional investors.

Shares of LyondellBasell Industries NV (NYSE LYB) traded up 3.88% on Friday, hitting $89.89. The stock had a trading volume of 3,977,320 shares. The stock has a market capitalization of $36.21 billion, a PE ratio of 10.29 and a beta of 1.05. The firm’s 50 day moving average is $83.91 and its 200-day moving average is $86.93. LyondellBasell Industries NV has a one year low of $71.55 and a one year high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.67% and a return on equity of 60.80%. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. During the same period in the previous year, the business earned $2.56 EPS. LyondellBasell Industries NV’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries NV will post $9.69 earnings per share for the current fiscal year.

LyondellBasell Industries NV declared that its Board of Directors has initiated a stock repurchase program on Wednesday, May 24th that authorizes the company to repurchase 1,000% of shares. This repurchase authorization authorizes the specialty chemicals company to purchase 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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LYB has been the topic of several analyst reports. Vertical Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research report on Tuesday, May 9th. HSBC Holdings plc initiated coverage on LyondellBasell Industries NV in a research note on Monday, June 26th. They issued a “buy” rating and a $101.00 price target for the company. Royal Bank Of Canada reissued a “hold” rating and issued a $92.00 price target on shares of LyondellBasell Industries NV in a research note on Friday, July 14th. BidaskClub raised LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $88.00 target price on shares of LyondellBasell Industries NV in a research note on Friday, June 16th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $92.63.

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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