Homrich & Berg lifted its holdings in LyondellBasell Industries NV (NYSE:LYB) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,720 shares of the specialty chemicals company’s stock after purchasing an additional 248 shares during the period. Homrich & Berg’s holdings in LyondellBasell Industries were worth $320,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Destination Wealth Management bought a new position in LyondellBasell Industries during the first quarter valued at about $28,000. Icon Wealth Partners LLC bought a new position in LyondellBasell Industries during the first quarter valued at about $35,000. Reilly Financial Advisors LLC increased its stake in LyondellBasell Industries by 89.4% during the second quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 195 shares during the period. Enterprise Financial Services Corp increased its stake in LyondellBasell Industries by 47.1% during the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock valued at $37,000 after acquiring an additional 137 shares during the period. Finally, Barnett & Company Inc. bought a new position in LyondellBasell Industries during the second quarter valued at about $43,000. Institutional investors and hedge funds own 74.54% of the company’s stock.

Several equities analysts recently issued reports on LYB shares. Deutsche Bank lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and lowered their price target for the company from $100.00 to $94.00 in a research note on Monday, June 17th. Jefferies Financial Group boosted their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Zacks Investment Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a research note on Tuesday, August 13th. BMO Capital Markets lowered their price target on LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, August 5th. Finally, Bank of America decreased their price objective on LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $102.18.

NYSE LYB traded down $0.63 during trading on Friday, reaching $71.51. 335,195 shares of the company traded hands, compared to its average volume of 2,540,137. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.47. The stock’s 50 day moving average price is $81.12 and its two-hundred day moving average price is $84.57. The company has a market cap of $24.37 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 0.79 and a beta of 1.31. LyondellBasell Industries NV has a 1-year low of $71.83 and a 1-year high of $116.63.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.09). The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $9.26 billion. LyondellBasell Industries had a net margin of 9.83% and a return on equity of 35.20%. Equities research analysts expect that LyondellBasell Industries NV will post 10.27 EPS for the current fiscal year.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra bought 1,360 shares of LyondellBasell Industries stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average cost of $73.48 per share, with a total value of $99,932.80. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

Featured Article: What is the Stochastic Momentum Index (SMI)?

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.