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

First Hawaiian Bank trimmed its position in LyondellBasell Industries (NYSE:LYB) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in LYB. Capital World Investors bought a new stake in LyondellBasell Industries during the fourth quarter valued at approximately $197,305,000. Norges Bank bought a new position in LyondellBasell Industries in the 4th quarter worth $82,854,000. Ilex Capital Partners UK LLP purchased a new position in LyondellBasell Industries during the first quarter valued at $61,327,000. Allianz Asset Management GmbH grew its holdings in LyondellBasell Industries by 826.1% during the fourth quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock valued at $38,911,000 after purchasing an additional 365,050 shares during the period. Finally, ANTIPODES PARTNERS Ltd increased its position in LyondellBasell Industries by 42.2% in the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,010,494 shares of the specialty chemicals company’s stock worth $96,077,000 after buying an additional 300,106 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Down 1.9 %

Shares of NYSE:LYB traded down $1.81 during trading on Monday, reaching $92.58. The company’s stock had a trading volume of 2,178,421 shares, compared to its average volume of 1,787,054. 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 has a 12 month low of $88.46 and a 12 month high of $107.02. The firm’s 50 day simple moving average is $96.00 and its two-hundred day simple moving average is $98.12. The stock has a market capitalization of $30.15 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the firm earned $2.44 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts predict that LyondellBasell Industries will post 8.3 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have commented on LYB. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. Royal Bank of Canada increased their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, BMO Capital Markets increased their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $105.25.

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.