First National Trust Co Sells 4,305 Shares of LyondellBasell Industries NV (LYB)

First National Trust Co trimmed its stake in LyondellBasell Industries NV (NYSE:LYB) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,393 shares of the specialty chemicals company’s stock after selling 4,305 shares during the period. First National Trust Co’s holdings in LyondellBasell Industries were worth $2,139,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fieldpoint Private Securities LLC bought a new stake in LyondellBasell Industries during the third quarter valued at $109,000. BDO Wealth Advisors LLC boosted its position in LyondellBasell Industries by 64.5% during the third quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after acquiring an additional 700 shares during the last quarter. WESPAC Advisors SoCal LLC boosted its position in LyondellBasell Industries by 4.9% during the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 100 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in LyondellBasell Industries by 80.0% during the third quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after acquiring an additional 800 shares during the last quarter. Finally, WFG Advisors LP boosted its position in LyondellBasell Industries by 66.4% during the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after acquiring an additional 883 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by company insiders.

LYB has been the topic of a number of research analyst reports. Nomura reaffirmed a “hold” rating and set a $99.00 price target (up previously from $90.00) on shares of LyondellBasell Industries in a research report on Tuesday, September 26th. SunTrust Banks reissued a “hold” rating and set a $96.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries in a research report on Saturday, September 30th. Cowen reissued a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, October 4th. cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price objective on the stock. in a research report on Tuesday, October 10th. Finally, Jefferies Group reissued a “hold” rating and set a $95.00 price objective (up previously from $88.00) on shares of LyondellBasell Industries in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $103.74.

LyondellBasell Industries NV (LYB) opened at $116.88 on Thursday. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $118.13. The firm has a market cap of $45,714.00, a PE ratio of 12.53, a P/E/G ratio of 1.36 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.40 and a quick ratio of 1.49.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%. equities analysts expect that LyondellBasell Industries NV will post 9.96 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.chaffeybreeze.com/2018/01/18/first-national-trust-co-sells-4305-shares-of-lyondellbasell-industries-nv-lyb.html.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply