First Bank & Trust Trims Stock Position in LyondellBasell Industries N.V. $LYB

Key Points

• First Bank & Trust reduced its stake in LyondellBasell Industries by 74.3%, owning 6,067 shares after selling 17,561 shares in the second quarter.
• Several institutional investors have also altered their positions, with JFS Wealth Advisors increasing its stake by 352.3% during the first quarter.
• LyondellBasell reported a net margin of 0.74% for the last quarter, missing analyst earnings estimates and showing an 11.8% year-over-year revenue decline.

First Bank & Trust cut its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 74.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,067 shares of the specialty chemicals company's stock after selling 17,561 shares during the period. First Bank & Trust's holdings in LyondellBasell Industries were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYB. Rossby Financial LCC purchased a new stake in LyondellBasell Industries in the first quarter valued at $25,000. JFS Wealth Advisors LLC lifted its position in LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. Investment Management Corp VA ADV lifted its position in LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 261 shares during the last quarter. Lazard Asset Management LLC lifted its position in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in LyondellBasell Industries in the first quarter valued at $42,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LYB. Bank Of America (Bofa) reduced their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Argus cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Friday, May 30th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Royal Bank Of Canada reduced their target price on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th. Finally, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $63.08.

Insider Activity at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Up 0.1%

Shares of LyondellBasell Industries stock opened at $52.63 on Wednesday. LyondellBasell Industries N.V. has a 12-month low of $47.55 and a 12-month high of $97.60. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The stock has a market cap of $16.93 billion, a PE ratio of 68.35 and a beta of 0.85. The company has a 50-day moving average of $56.98 and a two-hundred day moving average of $60.12.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company's quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the business posted $2.24 earnings per share. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 10.4%. LyondellBasell Industries's dividend payout ratio is currently 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.

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