Trustmark National Bank Trust Department Has $543,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Trustmark National Bank Trust Department lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 9.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,663 shares of the specialty chemicals company’s stock after selling 567 shares during the quarter. Trustmark National Bank Trust Department’s holdings in LyondellBasell Industries were worth $543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after acquiring an additional 18,311 shares in the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in shares of LyondellBasell Industries during the second quarter worth approximately $1,416,000. PGGM Investments boosted its holdings in shares of LyondellBasell Industries by 47.9% during the second quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock worth $2,119,000 after acquiring an additional 7,168 shares during the period. Capital World Investors boosted its holdings in shares of LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of LyondellBasell Industries by 99.4% during the first quarter. Bessemer Group Inc. now owns 19,674 shares of the specialty chemicals company’s stock worth $2,013,000 after acquiring an additional 9,809 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.5 %

LYB opened at $82.86 on Friday. The firm’s 50 day simple moving average is $90.22 and its two-hundred day simple moving average is $94.47. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $26.91 billion, a PE ratio of 12.61, a PEG ratio of 2.30 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $81.45 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the business posted $2.46 EPS. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LYB. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Company 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.