LyondellBasell Industries (NYSE:LYB) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 27,928 shares of the specialty chemicals company’s stock after selling 1,109 shares during the period. Fulton Bank N.A.’s holdings in LyondellBasell Industries were worth $2,074,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its holdings in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth $31,000. Fortitude Family Office LLC boosted its position in shares of LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 290 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its holdings in shares of LyondellBasell Industries by 58.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock valued at $53,000 after purchasing an additional 203 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 1.2 %

Shares of LYB opened at $73.01 on Thursday. The company’s 50-day simple moving average is $79.15 and its 200-day simple moving average is $89.42. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The stock has a market capitalization of $23.71 billion, a PE ratio of 11.11, a P/E/G ratio of 2.13 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (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 business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company earned $2.46 earnings per share. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts forecast that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.34%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. 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. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Royal Bank of Canada cut their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $94.73.

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.