FineMark National Bank & Trust Reduces Stock Position in LyondellBasell Industries (NYSE:LYB)

FineMark National Bank & Trust decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,824 shares of the specialty chemicals company’s stock after selling 189 shares during the quarter. FineMark National Bank & Trust’s holdings in LyondellBasell Industries were worth $878,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in shares of LyondellBasell Industries by 3.3% during the third quarter. Thrivent Financial for Lutherans now owns 17,297 shares of the specialty chemicals company’s stock worth $1,659,000 after acquiring an additional 559 shares during the period. Cerity Partners LLC grew its stake in LyondellBasell Industries by 9.8% in the third quarter. Cerity Partners LLC now owns 120,433 shares of the specialty chemicals company’s stock worth $11,550,000 after purchasing an additional 10,767 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in LyondellBasell Industries by 12.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,802 shares of the specialty chemicals company’s stock worth $3,050,000 after purchasing an additional 3,453 shares during the period. Quantbot Technologies LP bought a new stake in LyondellBasell Industries during the 3rd quarter valued at $3,168,000. Finally, Brooklyn Investment Group bought a new stake in LyondellBasell Industries during the 3rd quarter valued at $60,000. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares of the company’s stock, valued at $1,154,817.40. The trade was a 30.54 % 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 link. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Down 2.8 %

Shares of NYSE:LYB opened at $69.92 on Wednesday. The business’s 50-day moving average is $75.95 and its 200 day moving average is $81.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1 year low of $69.79 and a 1 year high of $107.02. The firm has a market capitalization of $22.62 billion, a P/E ratio of 16.89, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 quarter in the previous year, the business earned $1.26 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 7.67%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LYB shares. UBS Group cut their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Morgan Stanley cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $88.25.

About LyondellBasell Industries

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.