CENTRAL TRUST Co Sells 927 Shares of LyondellBasell Industries (NYSE:LYB)

CENTRAL TRUST Co decreased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 12.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,681 shares of the specialty chemicals company’s stock after selling 927 shares during the quarter. CENTRAL TRUST Co’s holdings in LyondellBasell Industries were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. U.S. Capital Wealth Advisors LLC purchased a new stake in LyondellBasell Industries during the fourth quarter valued at $468,000. Golden State Equity Partners raised its stake in LyondellBasell Industries by 1,912.9% during the fourth quarter. Golden State Equity Partners now owns 4,046 shares of the specialty chemicals company’s stock valued at $300,000 after purchasing an additional 3,845 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in LyondellBasell Industries by 168.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 5,649 shares of the specialty chemicals company’s stock valued at $420,000 after purchasing an additional 3,546 shares in the last quarter. Caprock Group LLC raised its stake in LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock valued at $298,000 after purchasing an additional 220 shares in the last quarter. Finally, Kempner Capital Management Inc. purchased a new stake in LyondellBasell Industries during the fourth quarter valued at $3,511,000. Institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday. Mizuho reduced their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. 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. Finally, JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday. Two investment 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 data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $89.17.

LyondellBasell Industries Trading Up 2.6 %

LYB stock opened at $78.25 on Wednesday. The company has a market capitalization of $25.41 billion, a PE ratio of 18.90, a P/E/G ratio of 5.11 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The firm’s 50-day moving average is $76.30 and its 200 day moving average is $86.97. 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 (NYSE:LYB) last issued its earnings results 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 in the prior year, the firm earned $1.26 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 7.4 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.85%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 129.47%.

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.