Intrust Bank NA Has $924,000 Stake in LyondellBasell Industries (NYSE:LYB)

Intrust Bank NA reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,439 shares of the specialty chemicals company’s stock after selling 3,168 shares during the quarter. Intrust Bank NA’s holdings in LyondellBasell Industries were worth $924,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allstate Corp acquired a new position in LyondellBasell Industries during the fourth quarter valued at approximately $578,000. DnB Asset Management AS grew its holdings in shares of LyondellBasell Industries by 3.7% in the 4th quarter. DnB Asset Management AS now owns 53,282 shares of the specialty chemicals company’s stock valued at $3,957,000 after buying an additional 1,902 shares during the period. Pictet Asset Management Holding SA increased its position in shares of LyondellBasell Industries by 8.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 167,688 shares of the specialty chemicals company’s stock valued at $12,454,000 after buying an additional 13,638 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in LyondellBasell Industries by 8.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 222,584 shares of the specialty chemicals company’s stock valued at $16,531,000 after acquiring an additional 16,751 shares during the period. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $81,015,000. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael Sean Hanley purchased 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Trading Down 1.6 %

Shares of NYSE:LYB opened at $69.81 on Friday. LyondellBasell Industries has a 52-week low of $69.74 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a market capitalization of $22.58 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The company has a 50-day simple moving average of $75.58 and a 200 day simple moving average of $81.20.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $1.26 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LYB. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, February 13th. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Barclays cut their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Morgan Stanley cut their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.25.

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.