LyondellBasell Industries (NYSE:LYB) Shares Sold by Cambridge Trust Co.

Cambridge Trust Co. decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 20.6% in the fourth quarter, Holdings Channel reports. The firm owned 450 shares of the specialty chemicals company’s stock after selling 117 shares during the period. Cambridge Trust Co.’s holdings in LyondellBasell Industries were worth $43,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL grew its stake in shares of LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after acquiring an additional 107 shares during the last quarter. Sei Investments Co. grew its position in LyondellBasell Industries by 26.2% during the 1st quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock worth $4,349,000 after purchasing an additional 8,596 shares during the last quarter. Prudential PLC acquired a new position in LyondellBasell Industries during the 1st quarter valued at approximately $731,000. Cetera Investment Advisers lifted its stake in shares of LyondellBasell Industries by 29.0% during the first quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock worth $770,000 after buying an additional 1,684 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of LyondellBasell Industries by 20.2% during the first quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock worth $644,000 after buying an additional 1,053 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. 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 report on Wednesday, January 10th. Barclays increased their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Royal Bank of Canada restated an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research note on Monday, February 5th. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $103.82.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $100.74 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The stock’s 50-day moving average price is $100.42 and its 200-day moving average price is $96.18. The stock has a market capitalization of $32.78 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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). The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 4.96%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Activity at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.12% 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.