First Western Trust Bank Sells 187 Shares of LyondellBasell Industries (NYSE:LYB)

First Western Trust Bank decreased its position in LyondellBasell Industries (NYSE:LYB) by 7.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,466 shares of the specialty chemicals company’s stock after selling 187 shares during the quarter. First Western Trust Bank’s holdings in LyondellBasell Industries were worth $236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC lifted its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares during the period. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its position in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the third quarter valued at $31,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.1 %

LYB opened at $82.65 on Monday. The firm’s 50 day simple moving average is $91.13 and its two-hundred day simple moving average is $94.87. The company has a market capitalization of $26.84 billion, a PE ratio of 12.58, a PEG ratio of 2.31 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $82.20 and a 1-year high of $107.02. 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 (NYSE:LYB) last announced its 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). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business posted $2.46 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current year.

Wall Street Analyst Weigh In

LYB has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Mizuho reduced their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Finally, Piper Sandler lowered their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.70.

About LyondellBasell Industries

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.