Private Trust Co. NA Has $325,000 Stake in LyondellBasell Industries (NYSE:LYB)

Posted by Defense World Staff on Jun 24th, 2023

Private Trust Co. NA boosted its stake in LyondellBasell Industries (NYSE:LYB – Get Rating) by 39.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,467 shares of the specialty chemicals company’s stock after purchasing an additional 987 shares during the period. Private Trust Co. NA’s holdings in LyondellBasell Industries were worth $325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Compass Wealth Management LLC acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $25,000. CI Investments Inc. grew its holdings in LyondellBasell Industries by 1,006.5% during the 3rd quarter. CI Investments Inc. now owns 343 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 312 shares during the period. Kistler Tiffany Companies LLC acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $31,000. US Asset Management LLC acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $33,000. Finally, Delta Asset Management LLC TN acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $33,000. 70.58% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $88.33 on Friday. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $101.30. The stock’s 50 day moving average price is $90.71 and its 200-day moving average price is $90.91. The company has a market capitalization of $28.73 billion, a PE ratio of 9.56, a PEG ratio of 1.18 and a beta of 1.21. The company has a quick ratio of 1.05, a current ratio of 1.85 and a debt-to-equity ratio of 0.83.

LyondellBasell Industries (NYSE:LYB – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The specialty chemicals company reported $2.50 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.70. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.80 billion. LyondellBasell Industries had a net margin of 6.40% and a return on equity of 28.95%. LyondellBasell Industries’s revenue was down 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.00 EPS. On average, equities analysts anticipate that LyondellBasell Industries will post 9.77 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Investors of record on Tuesday, May 30th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Friday, May 26th. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.19. LyondellBasell Industries’s payout ratio is 54.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LYB shares. Scotiabank reissued a “sector perform” rating on shares of LyondellBasell Industries in a research report on Friday, April 28th. Jefferies Financial Group cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and cut their price objective for the stock from $113.00 to $90.00 in a research report on Thursday, April 13th. KeyCorp cut their price objective on shares of LyondellBasell Industries from $84.00 to $81.00 in a research report on Friday, June 16th. Citigroup started coverage on shares of LyondellBasell Industries in a research report on Tuesday, June 13th. They set a “neutral” rating and a $89.00 price objective on the stock. Finally, Bank of America cut their price objective on shares of LyondellBasell Industries from $101.00 to $92.00 in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.39.

About LyondellBasell Industries

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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.