Field & Main Bank Sells 640 Shares of LyondellBasell Industries (NYSE:LYB)

Field & Main Bank cut its position in shares of LyondellBasell Industries (NYSE:LYB) by 55.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 505 shares of the specialty chemicals company’s stock after selling 640 shares during the period. Field & Main Bank’s holdings in LyondellBasell Industries were worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Private Wealth Services LLC raised its position in LyondellBasell Industries by 3.2% during the 4th quarter. Kestra Private Wealth Services LLC now owns 34,025 shares of the specialty chemicals company’s stock valued at $3,235,000 after purchasing an additional 1,063 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of LyondellBasell Industries by 15.4% during the 4th quarter. Van ECK Associates Corp now owns 31,112 shares of the specialty chemicals company’s stock worth $2,958,000 after purchasing an additional 4,158 shares during the last quarter. Adell Harriman & Carpenter Inc. boosted its position in LyondellBasell Industries by 1.8% during the fourth quarter. Adell Harriman & Carpenter Inc. now owns 68,259 shares of the specialty chemicals company’s stock valued at $6,490,000 after purchasing an additional 1,176 shares in the last quarter. Intrust Bank NA raised its holdings in LyondellBasell Industries by 5.6% in the fourth quarter. Intrust Bank NA now owns 16,377 shares of the specialty chemicals company’s stock worth $1,557,000 after purchasing an additional 863 shares in the last quarter. Finally, Chase Investment Counsel Corp purchased a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $760,000. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada lifted their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Wells Fargo & Company boosted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Citigroup boosted their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.75.

Insiders Place Their Bets

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the sale, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the sale, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 over the last three months. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

LYB stock traded down $1.24 on Tuesday, reaching $100.46. The company’s stock had a trading volume of 485,192 shares, compared to its average volume of 1,910,154. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company has a market capitalization of $32.69 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The firm has a fifty day moving average of $100.95 and a two-hundred day moving average of $96.58. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 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.