Moody National Bank Trust Division Has $944,000 Position in LyondellBasell Industries (NYSE:LYB)

Moody National Bank Trust Division reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,370 shares of the specialty chemicals company’s stock after selling 122 shares during the period. Moody National Bank Trust Division’s holdings in LyondellBasell Industries were worth $944,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Alpha Paradigm Partners LLC acquired a new position in LyondellBasell Industries in the second quarter valued at about $26,000. Chilton Capital Management LLC acquired a new position in LyondellBasell Industries in the second quarter valued at about $26,000. Trust Co. of Vermont boosted its position in LyondellBasell Industries by 1,033.3% in the third quarter. Trust Co. of Vermont now owns 340 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 310 shares in the last quarter. CI Investments Inc. boosted its position in LyondellBasell Industries by 1,006.5% in the third quarter. CI Investments Inc. now owns 343 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 312 shares in the last quarter. Finally, Ten Capital Wealth Advisors LLC acquired a new position in LyondellBasell Industries in the third quarter valued at about $32,000. 91.12% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LYB shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $85.00 to $100.00 and gave the company a “hold” rating in a research report on Monday, February 6th. Atlantic Securities upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a research report on Tuesday, January 31st. Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $97.00 to $109.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. StockNews.com initiated coverage on shares of LyondellBasell Industries in a research report on Thursday. They set a “hold” rating on the stock. Finally, Bank of America upped their target price on shares of LyondellBasell Industries from $77.00 to $90.00 and gave the stock an “underperform” rating in a research report on Monday, February 6th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $98.95.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $98.99, for a total value of $989,900.00. Following the completion of the sale, the executive vice president now owns 47,600 shares of the company’s stock, valued at $4,711,924. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

LyondellBasell Industries Stock Down 0.4 %

Shares of NYSE:LYB opened at $84.68 on Friday. LyondellBasell Industries has a 52 week low of $71.46 and a 52 week high of $117.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.75. The company has a market capitalization of $27.60 billion, a PE ratio of 7.18, a PEG ratio of 1.18 and a beta of 1.21. The company has a 50 day moving average price of $94.41 and a two-hundred day moving average price of $85.94.

LyondellBasell Industries (NYSE:LYB – Get Rating) last issued its earnings results on Friday, February 3rd. The specialty chemicals company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.09 by $0.20. LyondellBasell Industries had a net margin of 7.71% and a return on equity of 32.96%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.73 billion. During the same quarter in the prior year, the firm earned $3.63 earnings per share. The business’s quarterly revenue was down 20.5% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 9.01 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, March 6th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Friday, March 3rd. LyondellBasell Industries’s payout ratio is presently 40.34%.

LyondellBasell Industries Profile

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LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.