Glenview Trust Co Purchases 50 Shares of LyondellBasell Industries NV (LYB)
Glenview Trust Co raised its position in LyondellBasell Industries NV (NYSE:LYB) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,051 shares of the specialty chemicals company’s stock after purchasing an additional 50 shares during the quarter. Glenview Trust Co’s holdings in LyondellBasell Industries NV were worth $1,186,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. M&T Bank Corp increased its position in shares of LyondellBasell Industries NV by 31.5% in the second quarter. M&T Bank Corp now owns 411,696 shares of the specialty chemicals company’s stock valued at $34,744,000 after acquiring an additional 98,600 shares during the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of LyondellBasell Industries NV by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 100 shares during the last quarter. TIAA FSB acquired a new stake in shares of LyondellBasell Industries NV in the second quarter valued at about $5,437,000. ETRADE Capital Management LLC acquired a new stake in shares of LyondellBasell Industries NV in the second quarter valued at about $237,000. Finally, FMR LLC increased its position in shares of LyondellBasell Industries NV by 2.8% in the second quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock valued at $2,527,492,000 after acquiring an additional 821,391 shares during the last quarter. 73.81% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently issued reports on the company. ValuEngine raised LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Cowen and Company reaffirmed a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. Jefferies Group LLC set a $88.00 target price on LyondellBasell Industries NV and gave the company a “hold” rating in a research report on Monday, August 21st. BidaskClub downgraded LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, UBS AG reaffirmed a “neutral” rating and issued a $88.00 target price (up previously from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $95.67.
In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by company insiders.
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Shares of LyondellBasell Industries NV (NYSE:LYB) traded up 1.13% on Friday, reaching $96.87. 1,531,584 shares of the company’s stock traded hands. LyondellBasell Industries NV has a one year low of $75.76 and a one year high of $97.64. The firm has a market cap of $38.34 billion, a P/E ratio of 10.82 and a beta of 1.04. The company’s 50-day moving average price is $90.28 and its 200 day moving average price is $86.32.
LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The firm had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same period last year, the firm earned $2.56 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries NV will post $9.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s payout ratio is 40.18%.
LyondellBasell Industries NV Company Profile
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.
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