First Western Trust Bank Buys 252 Shares of LyondellBasell Industries (NYSE:LYB)

First Western Trust Bank raised its stake in LyondellBasell Industries (NYSE:LYB) by 10.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,653 shares of the specialty chemicals company’s stock after acquiring an additional 252 shares during the quarter. First Western Trust Bank’s holdings in LyondellBasell Industries were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LYB. Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $27,000. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth about $27,000. Gold Investment Management Ltd. acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $28,000. Beacon Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $28,000. Finally, Blue Trust Inc. increased its stake in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upped their price objective on LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, UBS Group lowered their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $107.55.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $94.23 on Friday. The company has a market cap of $30.68 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $96.29 and a 200-day moving average of $98.37.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 EPS. On average, equities analysts forecast that LyondellBasell Industries will post 8.11 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

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.