First National Trust Co Reduces Stake in LyondellBasell Industries (NYSE:LYB)

First National Trust Co lowered its stake in LyondellBasell Industries (NYSE:LYB) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,668 shares of the specialty chemicals company’s stock after selling 1,798 shares during the period. First National Trust Co’s holdings in LyondellBasell Industries were worth $1,014,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PGGM Investments grew its position in LyondellBasell Industries by 6.9% in the fourth quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock worth $1,299,000 after acquiring an additional 879 shares in the last quarter. International Assets Investment Management LLC purchased a new position in LyondellBasell Industries in the fourth quarter worth about $14,000,000. Invesco Ltd. grew its position in LyondellBasell Industries by 24.9% in the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after acquiring an additional 815,083 shares in the last quarter. Arvest Investments Inc. purchased a new position in LyondellBasell Industries in the fourth quarter worth about $2,001,000. Finally, Oak Thistle LLC purchased a new position in LyondellBasell Industries in the fourth quarter worth about $1,426,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. BMO Capital Markets raised their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, Mizuho raised their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $104.75.

LyondellBasell Industries Stock Up 0.3 %

NYSE:LYB traded up $0.34 during trading hours on Friday, reaching $99.12. The company’s stock had a trading volume of 1,506,977 shares, compared to its average volume of 1,611,830. The company has a market capitalization of $32.28 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock has a 50 day moving average price of $101.07 and a two-hundred day moving average price of $96.71.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 earnings per share. Equities analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

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.