Capital City Trust Co. FL Has $2.58 Million Stake in LyondellBasell Industries (NYSE:LYB)

Capital City Trust Co. FL trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.0% in the third quarter, HoldingsChannel reports. The firm owned 26,853 shares of the specialty chemicals company’s stock after selling 1,111 shares during the period. Capital City Trust Co. FL’s holdings in LyondellBasell Industries were worth $2,575,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC increased its holdings in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $28,000. Blue Trust Inc. increased its stake in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares during the period. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

LYB stock opened at $82.65 on Monday. The business’s 50-day moving average price is $91.13 and its two-hundred day moving average price is $94.87. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a market cap of $26.84 billion, a PE ratio of 12.58, a P/E/G ratio of 2.31 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $82.20 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.46 earnings per share. As a group, research analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LYB. Royal Bank of Canada lowered their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $101.70.

LyondellBasell Industries 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.