Intrust Bank NA Sells 4,981 Shares of LyondellBasell Industries N.V. $LYB

Intrust Bank NA reduced its position in LyondellBasell Industries N.V. (NYSE:LYB) by 39.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,528 shares of the specialty chemicals company’s stock after selling 4,981 shares during the period. Intrust Bank NA’s holdings in LyondellBasell Industries were worth $436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of LyondellBasell Industries by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after purchasing an additional 657,443 shares during the period. Geode Capital Management LLC grew its stake in LyondellBasell Industries by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock valued at $395,486,000 after buying an additional 24,161 shares in the last quarter. Invesco Ltd. raised its holdings in LyondellBasell Industries by 10.4% during the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after acquiring an additional 606,234 shares during the period. Federated Hermes Inc. raised its holdings in LyondellBasell Industries by 12.7% during the 1st quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock valued at $333,994,000 after acquiring an additional 534,456 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of LyondellBasell Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock worth $316,113,000 after acquiring an additional 509,996 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Evercore ISI cut their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Finally, Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.56.

Insider Activity

In other news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 0.5%

Shares of LyondellBasell Industries stock opened at $43.78 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $85.25. The firm has a market cap of $14.09 billion, a PE ratio of 56.86 and a beta of 0.87. The company has a 50 day simple moving average of $47.79 and a two-hundred day simple moving average of $54.34.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter last year, the company posted $1.88 EPS. The business’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

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.