Central Pacific Bank Trust Division Sells 180 Shares of LyondellBasell Industries (NYSE:LYB)

Central Pacific Bank Trust Division lowered its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 3.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,930 shares of the specialty chemicals company’s stock after selling 180 shares during the period. Central Pacific Bank Trust Division’s holdings in LyondellBasell Industries were worth $366,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LYB. Jacobs Levy Equity Management Inc. lifted its holdings in LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock worth $123,055,000 after buying an additional 871,708 shares during the period. Pacer Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in LyondellBasell Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock valued at $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Ensign Peak Advisors Inc raised its holdings in LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after purchasing an additional 347,877 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of LyondellBasell Industries by 11.4% in the 3rd 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. Institutional investors own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LYB. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Barclays reduced their price objective 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. Mizuho reduced their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $96.27.

LyondellBasell Industries Trading Down 0.0 %

NYSE LYB opened at $72.77 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $23.63 billion, a P/E ratio of 11.08, a PEG ratio of 2.13 and a beta of 1.05. The business has a fifty day simple moving average of $80.27 and a 200 day simple moving average of $90.06. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 EPS. On average, analysts predict that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.37%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

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.