CENTRAL TRUST Co Acquires 965 Shares of LyondellBasell Industries NV (LYB)

CENTRAL TRUST Co boosted its holdings in LyondellBasell Industries NV (NYSE:LYB) by 47.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,009 shares of the specialty chemicals company’s stock after acquiring an additional 965 shares during the quarter. CENTRAL TRUST Co’s holdings in LyondellBasell Industries were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Wetherby Asset Management Inc. lifted its position in shares of LyondellBasell Industries by 8.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 6,529 shares of the specialty chemicals company’s stock worth $717,000 after buying an additional 496 shares in the last quarter. BB&T Securities LLC lifted its position in shares of LyondellBasell Industries by 1.3% during the 2nd quarter. BB&T Securities LLC now owns 38,479 shares of the specialty chemicals company’s stock worth $4,227,000 after buying an additional 497 shares in the last quarter. Belpointe Asset Management LLC lifted its position in shares of LyondellBasell Industries by 10.7% during the 2nd quarter. Belpointe Asset Management LLC now owns 5,327 shares of the specialty chemicals company’s stock worth $585,000 after buying an additional 516 shares in the last quarter. Bailard Inc. lifted its position in shares of LyondellBasell Industries by 17.0% during the 2nd quarter. Bailard Inc. now owns 3,646 shares of the specialty chemicals company’s stock worth $401,000 after buying an additional 531 shares in the last quarter. Finally, Daiwa SB Investments Ltd. lifted its position in shares of LyondellBasell Industries by 36.0% during the 2nd quarter. Daiwa SB Investments Ltd. now owns 2,040 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 540 shares in the last quarter. 72.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of LYB stock opened at $103.50 on Monday. The company has a quick ratio of 1.51, a current ratio of 2.27 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a 12-month low of $96.19 and a 12-month high of $121.95. The company has a market cap of $39.91 billion, a PE ratio of 10.12, a P/E/G ratio of 0.92 and a beta of 1.14.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. The company had revenue of $10.21 billion during the quarter, compared to analyst estimates of $9.11 billion. Equities analysts forecast that LyondellBasell Industries NV will post 11.67 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, September 4th. This represents a $4.00 annualized dividend and a dividend yield of 3.86%. LyondellBasell Industries’s payout ratio is currently 39.10%.

Several research firms have commented on LYB. BNP Paribas began coverage on shares of LyondellBasell Industries in a research report on Tuesday, October 2nd. They set an “outperform” rating and a $129.00 target price on the stock. Cowen lifted their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. JPMorgan Chase & Co. cut shares of LyondellBasell Industries from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $110.00 to $95.00 in a research report on Wednesday, September 19th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Thursday. Finally, Citigroup restated a “buy” rating and set a $122.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $116.66.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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