AMG National Trust Bank Takes $992,000 Position in LyondellBasell Industries (NYSE:LYB)

AMG National Trust Bank bought a new stake in LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 13,553 shares of the specialty chemicals company’s stock, valued at approximately $992,000.

A number of other large investors also recently made changes to their positions in the business. State Street Corp increased its holdings in shares of LyondellBasell Industries by 1.9% in the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock valued at $1,170,183,000 after purchasing an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of LyondellBasell Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after buying an additional 558,137 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of LyondellBasell Industries by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after buying an additional 277,108 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after buying an additional 187,150 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake 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 valued at $268,664,000 after buying an additional 293,622 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.1 %

LYB opened at $77.53 on Friday. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $25.08 billion, a price-to-earnings ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06. The business has a 50 day moving average of $76.04 and a 200-day moving average of $83.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 6.91%. LyondellBasell Industries’s dividend payout ratio is 129.47%.

Analyst Ratings Changes

Several equities research analysts recently commented on LYB shares. The Goldman Sachs Group lowered their price target on 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. lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Morgan Stanley lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada boosted their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. Finally, UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $88.25.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was bought 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 owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries 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.