First Bank & Trust Sells 13,886 Shares of LyondellBasell Industries (NYSE:LYB)

First Bank & Trust trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 39.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 21,214 shares of the specialty chemicals company's stock after selling 13,886 shares during the quarter. First Bank & Trust's holdings in LyondellBasell Industries were worth $1,576,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of LyondellBasell Industries by 1,171.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company's stock worth $109,000 after acquiring an additional 1,043 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of LyondellBasell Industries by 369.0% in the 3rd quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company's stock valued at $135,000 after purchasing an additional 1,107 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of LyondellBasell Industries by 149.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company's stock valued at $6,151,000 after purchasing an additional 38,428 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth $674,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of LyondellBasell Industries by 45.8% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 10,459 shares of the specialty chemicals company's stock worth $1,003,000 after buying an additional 3,284 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on LYB shares. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft cut their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Finally, Piper Sandler dropped their price target on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Trading Down 0.7 %

Shares of LYB traded down $0.57 during mid-day trading on Friday, reaching $77.05. 2,443,723 shares of the company were exchanged, compared to its average volume of 2,664,283. The business has a 50 day simple moving average of $75.64 and a two-hundred day simple moving average of $85.29. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market capitalization of $25.02 billion, a PE ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the business posted $1.26 EPS. On average, analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

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.