LyondellBasell Industries (NYSE:LYB) Stock Position Lowered by Citizens National Bank Trust Department

Citizens National Bank Trust Department reduced its position in shares of LyondellBasell Industries (NYSE:LYB – Get Rating) by 10.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,011 shares of the specialty chemicals company’s stock after selling 665 shares during the period. Citizens National Bank Trust Department’s holdings in LyondellBasell Industries were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYB. Vanguard Group Inc. grew its stake in shares of LyondellBasell Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 30,852,225 shares of the specialty chemicals company’s stock worth $3,172,226,000 after purchasing an additional 335,124 shares during the last quarter. State Street Corp lifted its position in shares of LyondellBasell Industries by 1.6% during the 2nd quarter. State Street Corp now owns 12,520,598 shares of the specialty chemicals company’s stock valued at $1,095,052,000 after acquiring an additional 198,318 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of LyondellBasell Industries by 205.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock worth $458,010,000 after acquiring an additional 2,995,335 shares during the last quarter. FMR LLC raised its position in shares of LyondellBasell Industries by 28.0% during the second quarter. FMR LLC now owns 3,322,781 shares of the specialty chemicals company’s stock worth $290,611,000 after purchasing an additional 727,322 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of LyondellBasell Industries by 3.4% during the first quarter. Northern Trust Corp now owns 2,810,835 shares of the specialty chemicals company’s stock valued at $289,009,000 after purchasing an additional 92,904 shares during the last quarter. 91.12% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 2.4 %

LyondellBasell Industries stock opened at $96.69 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.94 and a debt-to-equity ratio of 0.86. LyondellBasell Industries has a 1-year low of $71.46 and a 1-year high of $117.22. The firm’s fifty day simple moving average is $86.87 and its 200-day simple moving average is $84.30. The company has a market capitalization of $31.48 billion, a P/E ratio of 7.49, a P/E/G ratio of 1.26 and a beta of 1.21.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were given a $1.19 dividend. The ex-dividend date was Friday, November 25th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.92%. LyondellBasell Industries’s dividend payout ratio is currently 36.87%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler cut their price objective on LyondellBasell Industries from $98.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, October 10th. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $115.00 to $100.00 and set an “overweight” rating for the company in a research report on Wednesday, October 12th. UBS Group lifted their price objective on shares of LyondellBasell Industries from $81.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th. The Goldman Sachs Group began coverage on LyondellBasell Industries in a report on Thursday, October 13th. They issued a “sell” rating and a $80.00 target price for the company. Finally, KeyCorp lifted their price target on LyondellBasell Industries from $65.00 to $83.00 and gave the company an “underweight” rating in a report on Thursday, January 12th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $94.26.

LyondellBasell Industries Profile

(Get Rating)

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.