First National Trust Co Acquires 33,893 Shares of LyondellBasell Industries N.V. $LYB

First National Trust Co raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 204.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 50,497 shares of the specialty chemicals company’s stock after acquiring an additional 33,893 shares during the period. First National Trust Co’s holdings in LyondellBasell Industries were worth $2,476,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LYB. Norges Bank bought a new stake in shares of LyondellBasell Industries in the second quarter worth $280,000,000. Soundwatch Capital LLC bought a new position in LyondellBasell Industries during the 2nd quarter worth $268,123,000. Ameriprise Financial Inc. lifted its holdings in LyondellBasell Industries by 67.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after buying an additional 553,081 shares during the period. State Street Corp grew its position in shares of LyondellBasell Industries by 4.1% in the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company’s stock valued at $747,271,000 after buying an additional 514,057 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of LyondellBasell Industries by 30.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,607,363 shares of the specialty chemicals company’s stock valued at $92,632,000 after buying an additional 372,817 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $57.70 on Wednesday. The firm has a market cap of $18.57 billion, a PE ratio of -24.76, a price-to-earnings-growth ratio of 0.38 and a beta of 0.70. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $78.52. The business’s 50 day moving average price is $47.47 and its two-hundred day moving average price is $49.13. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is -235.19%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LYB. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Citigroup increased their target price on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target on the stock. in a research report on Wednesday, January 7th. Mizuho upped their price objective on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Finally, Alembic Global Advisors upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $51.00.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.