Dorsey & Whitney Trust CO LLC Sells 2,242 Shares of LyondellBasell Industries (NYSE:LYB)

Dorsey & Whitney Trust CO LLC decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 40.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,340 shares of the specialty chemicals company’s stock after selling 2,242 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in LyondellBasell Industries were worth $320,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after purchasing an additional 290,401 shares during the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after acquiring an additional 600,554 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of LyondellBasell Industries by 1.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock worth $132,182,000 after acquiring an additional 13,093 shares during the last quarter. Raymond James & Associates boosted its stake in shares of LyondellBasell Industries by 5.7% in the 2nd quarter. Raymond James & Associates now owns 909,144 shares of the specialty chemicals company’s stock valued at $86,969,000 after purchasing an additional 49,190 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $82,854,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB stock opened at $93.86 on Friday. 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 company’s fifty day simple moving average is $96.17 and its 200 day simple moving average is $98.24. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The firm has a market cap of $30.56 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.44 EPS. On average, analysts expect that LyondellBasell Industries will post 8 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 paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.71%. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. UBS Group dropped their price target 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. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report 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, Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $107.55.

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.