First Hawaiian Bank Sells 258 Shares of LyondellBasell Industries (NYSE:LYB)

First Hawaiian Bank lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 1.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,218 shares of the specialty chemicals company’s stock after selling 258 shares during the period. First Hawaiian Bank’s holdings in LyondellBasell Industries were worth $1,838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. McIlrath & Eck LLC increased its holdings in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares during the period. Heritage Wealth Advisors purchased a new position in LyondellBasell Industries in the fourth quarter worth $27,000. Chilton Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter worth $27,000. Gold Investment Management Ltd. purchased a new position in LyondellBasell Industries in the fourth quarter worth $28,000. Finally, Beacon Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter worth $28,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $1.81 during trading hours on Monday, reaching $92.58. The stock had a trading volume of 2,178,421 shares, compared to its average volume of 1,787,054. The stock’s 50 day moving average is $96.00 and its 200 day moving average is $98.12. The firm has a market capitalization of $30.15 billion, a PE ratio of 14.34, a PEG ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.44 earnings per share. Equities analysts expect that LyondellBasell Industries will post 8.3 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a yield of 5.79%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LYB shares. Barclays lifted their price objective on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. Mizuho lifted their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. UBS Group lowered their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. BMO Capital Markets lifted their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $105.25.

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.