Field & Main Bank Has $48,000 Stake in LyondellBasell Industries (NYSE:LYB)

Field & Main Bank decreased its position in LyondellBasell Industries (NYSE:LYB) by 55.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505 shares of the specialty chemicals company’s stock after selling 640 shares during the quarter. Field & Main Bank’s holdings in LyondellBasell Industries were worth $48,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LYB. Pacer Advisors Inc. increased its position in shares of LyondellBasell Industries by 35.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares during the last quarter. Invesco Ltd. increased its position in shares of LyondellBasell Industries by 24.9% in the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after acquiring an additional 815,083 shares during the last quarter. FMR LLC increased its position in shares of LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after acquiring an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $67,160,000. Finally, Bank of Nova Scotia increased its position in shares of LyondellBasell Industries by 3,162.5% in the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after acquiring an additional 595,431 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on LYB. Barclays boosted their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Wells Fargo & Company boosted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $104.75.

LyondellBasell Industries Trading Down 1.2 %

NYSE LYB traded down $1.24 on Tuesday, reaching $100.46. The company had a trading volume of 485,192 shares, compared to its average volume of 1,910,154. The firm has a market cap of $32.69 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The business has a 50 day moving average of $100.95 and a two-hundred day moving average of $96.58. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.50 earnings per share. Analysts forecast that LyondellBasell Industries will post 8.69 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.98%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

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.