Fiduciary Trust Co Sells 5,736 Shares of LyondellBasell Industries (NYSE:LYB)

Fiduciary Trust Co trimmed its holdings in LyondellBasell Industries (NYSE:LYB) by 12.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,882 shares of the specialty chemicals company’s stock after selling 5,736 shares during the quarter. Fiduciary Trust Co’s holdings in LyondellBasell Industries were worth $3,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LYB. CVA Family Office LLC boosted its position in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares during the period. Matrix Trust Co bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $30,000. Blue Trust Inc. lifted its position in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the third quarter worth $31,000. Finally, Independence Bank of Kentucky lifted its position in LyondellBasell Industries by 125.6% in the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 216 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $83.04 on Friday. LyondellBasell Industries has a twelve month low of $81.45 and a twelve month high of $107.02. The firm has a market cap of $26.97 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The business has a fifty day moving average of $89.09 and a 200-day moving average of $93.84.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $2.46 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $1.34 dividend. The ex-dividend date is Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.45%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Wall Street Analyst Weigh In

LYB has been the subject of several research reports. Royal Bank of Canada reduced their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Finally, Wells Fargo & Company cut their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $101.70.

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.