First National Trust Co Buys 6,964 Shares of LyondellBasell Industries N.V. $LYB

First National Trust Co raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 72.2% in the second quarter, Holdings Channel reports. The fund owned 16,604 shares of the specialty chemicals company’s stock after purchasing an additional 6,964 shares during the quarter. First National Trust Co’s holdings in LyondellBasell Industries were worth $961,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Rossby Financial LCC bought a new position in LyondellBasell Industries in the 1st quarter valued at approximately $25,000. Investment Management Corp VA ADV raised its holdings 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 buying an additional 261 shares during the last quarter. Hilltop National Bank bought a new position in LyondellBasell Industries in the 2nd quarter valued at approximately $29,000. Brown Lisle Cummings Inc. raised its holdings in LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 213 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter valued at approximately $42,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research reports. BMO Capital Markets dropped their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Citigroup dropped their price objective on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. Bank of America lowered their price target on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Mizuho lowered their price target on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $58.56.

Insider Activity at LyondellBasell Industries

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

LyondellBasell Industries Stock Down 3.1%

LyondellBasell Industries stock opened at $47.58 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a 52-week low of $44.87 and a 52-week high of $88.79. The firm has a 50 day moving average price of $51.19 and a two-hundred day moving average price of $55.76. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is 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.