Greenleaf Trust Has $477,000 Position in LyondellBasell Industries (NYSE:LYB)

Greenleaf Trust reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,017 shares of the specialty chemicals company’s stock after selling 224 shares during the period. Greenleaf Trust’s holdings in LyondellBasell Industries were worth $477,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LYB. CWM LLC grew its holdings in LyondellBasell Industries by 8.9% during the 3rd quarter. CWM LLC now owns 4,338 shares of the specialty chemicals company’s stock worth $411,000 after acquiring an additional 354 shares during the period. Global Retirement Partners LLC grew its stake in shares of LyondellBasell Industries by 21.1% in the 3rd quarter. Global Retirement Partners LLC now owns 1,454 shares of the specialty chemicals company’s stock valued at $136,000 after buying an additional 253 shares during the period. HB Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 59.8% in the 3rd quarter. HB Wealth Management LLC now owns 5,137 shares of the specialty chemicals company’s stock valued at $486,000 after buying an additional 1,923 shares during the period. Naples Global Advisors LLC grew its stake in shares of LyondellBasell Industries by 1.4% in the 3rd quarter. Naples Global Advisors LLC now owns 8,680 shares of the specialty chemicals company’s stock valued at $822,000 after buying an additional 119 shares during the period. Finally, Capital Investment Advisors LLC grew its stake in shares of LyondellBasell Industries by 48.7% in the 3rd quarter. Capital Investment Advisors LLC now owns 39,800 shares of the specialty chemicals company’s stock valued at $3,769,000 after buying an additional 13,036 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $100.59 on Tuesday. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company’s 50 day moving average price is $100.50 and its two-hundred day moving average price is $96.29. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. The stock has a market cap of $32.74 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.24 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. During the same period in the prior year, the business earned $1.29 EPS. LyondellBasell Industries’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.97%. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on LYB shares. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Wednesday, January 10th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wells Fargo & Company raised their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup raised their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, Barclays raised their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $103.82.

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.