Capital City Trust Co. FL Acquires 564 Shares of LyondellBasell Industries N.V. $LYB

Capital City Trust Co. FL raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,777 shares of the specialty chemicals company’s stock after acquiring an additional 564 shares during the quarter. Capital City Trust Co. FL’s holdings in LyondellBasell Industries were worth $1,665,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of LYB. Rossby Financial LCC bought a new position in LyondellBasell Industries in the 1st quarter valued at $25,000. JFS Wealth Advisors LLC grew its position in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. Investment Management Corp VA ADV grew its position in LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 261 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter worth $29,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in shares of LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 213 shares during the period. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Saturday, September 27th. Evercore ISI lowered their target price on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. Royal Bank Of Canada lowered their target price on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. BMO Capital Markets lowered their target price on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Finally, Rothschild & Co Redburn decreased their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $60.13.

LyondellBasell Industries Trading Up 0.3%

Shares of NYSE LYB opened at $49.49 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The stock has a market capitalization of $15.92 billion, a P/E ratio of 64.28 and a beta of 0.87. LyondellBasell Industries N.V. has a 1-year low of $47.55 and a 1-year high of $96.81. The business has a fifty day moving average price of $53.48 and a 200 day moving average price of $57.93.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the company earned $2.24 earnings per share. The company’s quarterly revenue was down 11.8% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is currently 711.69%.

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.