Capital City Trust Co. FL Trims Holdings in LyondellBasell Industries N.V. $LYB

Capital City Trust Co. FL decreased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 46.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,707 shares of the specialty chemicals company’s stock after selling 13,632 shares during the period. Capital City Trust Co. FL’s holdings in LyondellBasell Industries were worth $680,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LYB. Stance Capital LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at $27,000. Quent Capital LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth $29,000. United Community Bank raised its holdings in LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 283 shares during the period. Quarry LP bought a new stake in LyondellBasell Industries during the third quarter valued at about $31,000. Finally, CYBER HORNET ETFs LLC purchased a new position in shares of LyondellBasell Industries in the second quarter valued at about $39,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the transaction, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Up 0.4%

Shares of LYB opened at $71.79 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $71.69 and a 200 day moving average of $56.25. The company has a market cap of $23.17 billion, a PE ratio of -28.83, a P/E/G ratio of 0.17 and a beta of 0.32. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries N.V. will post 8.73 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio is -110.84%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho upped their price objective on LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday, May 1st. Evercore lifted their target price on LyondellBasell Industries from $57.00 to $70.00 in a research note on Wednesday, April 22nd. Morgan Stanley boosted their price target on LyondellBasell Industries from $52.00 to $77.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Monday, March 9th. Finally, Wolfe Research lifted their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $76.59.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.