First Bank & Trust Has $1.58 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

First Bank & Trust lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 39.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,214 shares of the specialty chemicals company’s stock after selling 13,886 shares during the quarter. First Bank & Trust’s holdings in LyondellBasell Industries were worth $1,576,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. LMG Wealth Partners LLC increased its holdings in LyondellBasell Industries by 4.2% in the 4th quarter. LMG Wealth Partners LLC now owns 14,760 shares of the specialty chemicals company’s stock worth $1,096,000 after purchasing an additional 600 shares in the last quarter. Ieq Capital LLC increased its stake in shares of LyondellBasell Industries by 43.9% in the fourth quarter. Ieq Capital LLC now owns 20,925 shares of the specialty chemicals company’s stock valued at $1,554,000 after buying an additional 6,384 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its stake in shares of LyondellBasell Industries by 100.9% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 15,470 shares of the specialty chemicals company’s stock valued at $1,242,000 after buying an additional 7,770 shares during the period. Valley Wealth Managers Inc. raised its holdings in LyondellBasell Industries by 26.3% in the 4th quarter. Valley Wealth Managers Inc. now owns 37,078 shares of the specialty chemicals company’s stock valued at $2,754,000 after buying an additional 7,718 shares during the last quarter. Finally, Kestra Investment Management LLC grew its holdings in LyondellBasell Industries by 65.2% during the 4th quarter. Kestra Investment Management LLC now owns 5,556 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 2,192 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 1.0 %

NYSE:LYB opened at $77.42 on Thursday. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 0.96 and a beta of 1.05. The firm has a fifty day simple moving average of $75.62 and a two-hundred day simple moving average of $85.35.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the company earned $1.26 earnings per share. Analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 129.47%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LYB. The Goldman Sachs Group dropped their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Morgan Stanley cut their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $88.25.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.