Private Trust Co. NA Has $145,000 Holdings in LyondellBasell Industries N.V. $LYB

Private Trust Co. NA lessened its position in LyondellBasell Industries N.V. (NYSE:LYB) by 47.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,499 shares of the specialty chemicals company’s stock after selling 2,295 shares during the period. Private Trust Co. NA’s holdings in LyondellBasell Industries were worth $145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LYB. GAMMA Investing LLC lifted its position in shares of LyondellBasell Industries by 56.7% during the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company’s stock worth $212,000 after purchasing an additional 1,091 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in LyondellBasell Industries by 27.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,371 shares of the specialty chemicals company’s stock valued at $97,000 after buying an additional 292 shares during the last quarter. Blue Trust Inc. grew its holdings in LyondellBasell Industries by 21.2% in the 1st quarter. Blue Trust Inc. now owns 2,089 shares of the specialty chemicals company’s stock valued at $147,000 after buying an additional 365 shares during the last quarter. Flagship Harbor Advisors LLC grew its holdings in LyondellBasell Industries by 80.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 6,712 shares of the specialty chemicals company’s stock valued at $473,000 after buying an additional 2,997 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 310 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $45.21 on Wednesday. The firm has a market cap of $14.54 billion, a price-to-earnings ratio of 58.72 and a beta of 0.87. The company has a 50 day moving average of $51.79 and a 200-day moving average of $56.07. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 1-year low of $44.89 and a 1-year high of $89.89.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.24 EPS. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 12.1%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 711.69%.

Analysts Set New Price Targets

A number of research firms have issued reports on LYB. UBS Group lowered their target price on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Finally, Royal Bank Of Canada cut their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $58.56.

Insider Buying and Selling at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

LyondellBasell Industries 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.