Greenleaf Trust Sells 224 Shares of LyondellBasell Industries (NYSE:LYB)

Greenleaf Trust cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,017 shares of the specialty chemicals company’s stock after selling 224 shares during the period. Greenleaf Trust’s holdings in LyondellBasell Industries were worth $477,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in LyondellBasell Industries by 6.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 23,272 shares of the specialty chemicals company’s stock valued at $2,213,000 after buying an additional 1,321 shares during the last quarter. TRUE Private Wealth Advisors boosted its position in LyondellBasell Industries by 7.2% in the 4th quarter. TRUE Private Wealth Advisors now owns 2,444 shares of the specialty chemicals company’s stock valued at $232,000 after buying an additional 165 shares during the last quarter. Tyche Wealth Partners LLC bought a new position in LyondellBasell Industries in the 4th quarter valued at $278,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in LyondellBasell Industries by 39.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 166,635 shares of the specialty chemicals company’s stock valued at $15,844,000 after buying an additional 46,808 shares during the last quarter. Finally, Everence Capital Management Inc. boosted its position in LyondellBasell Industries by 36.7% in the 4th quarter. Everence Capital Management Inc. now owns 74,520 shares of the specialty chemicals company’s stock valued at $7,085,000 after buying an additional 20,010 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LYB shares. Barclays increased their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Royal Bank of Canada restated an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research report on Monday, February 5th. Wolfe Research began coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. raised their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.82.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $100.59 on Tuesday. The company has a market capitalization of $32.74 billion, a PE ratio of 15.55, a PEG ratio of 1.24 and a beta of 1.19. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock’s fifty day simple moving average is $100.50 and its 200 day simple moving average is $96.29.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. During the same period in the prior year, the business earned $1.29 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, research analysts predict that LyondellBasell Industries will post 8.63 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 in the last 90 days. 0.11% of the stock is currently owned by company insiders.

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.