AMG National Trust Bank Has $1.37 Million Position in LyondellBasell Industries N.V. $LYB

Key Points

• AMG National Trust Bank reduced its LyondellBasell stake by 65% during the second quarter, selling 48,302 shares and retaining 26,019 shares valued at approximately $1.37 million.
• Institutional investors own 71.2% of LyondellBasell, while analysts have an overall “Hold” rating and an average price target of $72.56.
• LyondellBasell reported quarterly EPS of $4.30, exceeding estimates of $3.44, and declared a $0.69 quarterly dividend, equivalent to a 4.3% annual yield at the reported share price.

AMG National Trust Bank lessened its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 65.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,019 shares of the specialty chemicals company's stock after selling 48,302 shares during the quarter. AMG National Trust Bank's holdings in LyondellBasell Industries were worth $1,370,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LYB. Clearstead Advisors LLC lifted its position in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 390 shares during the last quarter. Quarry LP bought a new stake in LyondellBasell Industries during the third quarter worth approximately $31,000. Fideuram Asset Management Ireland dac bought a new stake in LyondellBasell Industries during the fourth quarter worth approximately $34,000. Kelleher Financial Advisors grew its holdings in LyondellBasell Industries by 4,112.5% during the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock valued at $35,000 after purchasing an additional 658 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in shares of LyondellBasell Industries by 74.7% in the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 378 shares during the period. 71.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LYB. Evercore boosted their price objective on shares of LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. UBS Group lifted their target price on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Citigroup cut their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. BMO Capital Markets upped their price target on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the company a "market perform" rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $72.56.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $63.76 on Monday. The stock has a market cap of $20.60 billion, a P/E ratio of -56.42, a PEG ratio of 0.17 and a beta of 0.31. LyondellBasell Industries N.V. has a one year low of $41.58 and a one year high of $83.94. The company has a fifty day moving average price of $59.37 and a 200 day moving average price of $64.65. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period last year, the business posted $0.62 EPS. The business's quarterly revenue was up 19.8% on a year-over-year basis. Analysts anticipate that LyondellBasell Industries N.V. will post 9.39 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be issued a $0.69 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries's dividend payout ratio is -244.25%.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company's integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.

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