Central Bank & Trust Co. Has $583,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Central Bank & Trust Co. trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,851 shares of the specialty chemicals company’s stock after selling 1,120 shares during the period. Central Bank & Trust Co.’s holdings in LyondellBasell Industries were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of LYB. State Street Corp raised its position in LyondellBasell Industries by 1.9% in the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after purchasing an additional 230,327 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 4.4% during the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after acquiring an additional 277,108 shares during the period. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after purchasing an additional 293,622 shares during the period. 71.20% of the stock is owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Trading Up 0.9 %

LYB opened at $77.35 on Tuesday. The stock has a market capitalization of $25.12 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.74 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The firm’s fifty day simple moving average is $77.63 and its 200 day simple moving average is $88.37.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.46 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries will post 6.8 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.93%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Analyst Ratings Changes

LYB has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced 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 note on Monday, November 4th. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Piper Sandler restated a “neutral” rating and issued a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $94.33.

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.