LyondellBasell Industries (NYSE:LYB) Stock Holdings Lifted by First National Trust Co

First National Trust Co boosted its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 48.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,885 shares of the specialty chemicals company's stock after acquiring an additional 4,185 shares during the period. First National Trust Co's holdings in LyondellBasell Industries were worth $957,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Webster Bank N. A. raised its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares during the period. Cairn Investment Group Inc. raised its holdings in shares of LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after purchasing an additional 155 shares during the period. Raymond James Trust N.A. raised its holdings in shares of LyondellBasell Industries by 1.0% during the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after purchasing an additional 173 shares during the period. Alliance Wealth Advisors LLC UT raised its holdings in shares of LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after purchasing an additional 177 shares during the period. Finally, Y.D. More Investments Ltd raised its holdings in shares of LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after purchasing an additional 194 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada lifted their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Morgan Stanley cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, UBS Group cut their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Price Performance

Shares of LYB traded down $1.37 during mid-day trading on Wednesday, hitting $73.72. The company's stock had a trading volume of 2,543,068 shares, compared to its average volume of 2,048,628. The firm has a 50-day moving average price of $76.13 and a 200 day moving average price of $82.43. The stock has a market capitalization of $23.84 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a fifty-two week low of $71.81 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data 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 last year, the firm posted $1.26 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.27%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company's stock.

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.