Sanibel Captiva Trust Company Inc. Trims Holdings in LyondellBasell Industries (NYSE:LYB)

Sanibel Captiva Trust Company Inc. decreased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,871 shares of the specialty chemicals company’s stock after selling 1,127 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in LyondellBasell Industries were worth $733,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. State Street Corp increased its position in shares of LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock valued at $1,170,183,000 after buying an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares during the period. Geode Capital Management LLC lifted its stake in LyondellBasell Industries by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after purchasing an additional 277,108 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after purchasing an additional 187,150 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the topic of a number of recent analyst reports. Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays dropped their price target 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. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. The Goldman Sachs Group cut 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 note on Thursday, December 12th. Finally, Royal Bank of Canada dropped their price objective on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Trading Up 0.9 %

Shares of LYB stock opened at $77.35 on Friday. The business has a 50-day moving average of $77.63 and a 200 day moving average of $88.46. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The stock has a market capitalization of $25.12 billion, a PE ratio of 11.77, a P/E/G ratio of 1.74 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the business posted $2.46 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.93%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by insiders.

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.