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.
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.
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.
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