Bell Bank Has $7.55 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Bell Bank cut its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 12.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,773 shares of the specialty chemicals company's stock after selling 10,908 shares during the period. LyondellBasell Industries accounts for about 0.9% of Bell Bank's investment portfolio, making the stock its 29th biggest position. Bell Bank's holdings in LyondellBasell Industries were worth $7,554,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its holdings in LyondellBasell Industries by 4.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 17,688 shares of the specialty chemicals company's stock valued at $1,809,000 after purchasing an additional 745 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of LyondellBasell Industries by 237.5% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,068 shares of the specialty chemicals company's stock valued at $8,292,000 after buying an additional 57,048 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company's stock worth $26,512,000 after buying an additional 21,809 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in LyondellBasell Industries by 15.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,648 shares of the specialty chemicals company's stock worth $31,978,000 after acquiring an additional 42,474 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its position in LyondellBasell Industries by 32.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 4,340 shares of the specialty chemicals company's stock valued at $444,000 after acquiring an additional 1,052 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 1.1 %

Shares of LyondellBasell Industries stock traded down $0.88 during trading hours on Thursday, hitting $82.56. The company's stock had a trading volume of 1,938,165 shares, compared to its average volume of 1,868,874. The company has a market capitalization of $26.81 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The stock has a 50 day moving average of $91.58 and a 200 day moving average of $95.15. LyondellBasell Industries has a 12 month low of $82.20 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 EPS. Analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 6.49%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho decreased their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $101.70.

About LyondellBasell Industries

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.