Trade Report: Today, Trilogy Global Advisors LP lowers its Position in LyondellBasell Industries (LYB)

Today, Trilogy Global Advisors LP lowers its Position in LyondellBasell Industries (LYB)

Trilogy Global Advisors LP reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 3.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,090 shares of the company’s stock after selling 8,694 shares during the period. Trilogy Global Advisors LP owned 0.05% of LyondellBasell Industries worth $17,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. BKD Wealth Advisors LLC raised its stake in shares of LyondellBasell Industries by 15.1% in the second quarter. BKD Wealth Advisors LLC now owns 2,982 shares of the company’s stock worth $222,000 after buying an additional 391 shares during the last quarter. FirstMerit Bank N A Trustee raised its stake in shares of LyondellBasell Industries by 0.6% in the second quarter. FirstMerit Bank N A Trustee now owns 5,049 shares of the company’s stock worth $376,000 after buying an additional 28 shares during the last quarter. Exxonmobil Investment Management Inc. TX raised its stake in shares of LyondellBasell Industries by 5.0% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 88,367 shares of the company’s stock worth $6,576,000 after buying an additional 4,183 shares during the last quarter. Daiwa SB Investments Ltd. raised its stake in shares of LyondellBasell Industries by 8.3% in the second quarter. Daiwa SB Investments Ltd. now owns 1,830 shares of the company’s stock worth $135,000 after buying an additional 140 shares during the last quarter. Finally, Washington Trust Bank raised its stake in shares of LyondellBasell Industries by 5.9% in the second quarter. Washington Trust Bank now owns 3,580 shares of the company’s stock worth $266,000 after buying an additional 200 shares during the last quarter. 71.09% of the stock is currently owned by institutional investors.

Shares of LyondellBasell Industries (NYSE:LYB) opened at 85.79 on Friday. The company has a market cap of $34.96 billion, a PE ratio of 9.54 and a beta of 1.13. The company’s 50-day moving average price is $81.26 and its 200 day moving average price is $79.04. LyondellBasell Industries has a one year low of $69.10 and a one year high of $97.20.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Tuesday, November 1st. The company reported $2.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by $0.01. The business earned $7.37 billion during the quarter, compared to the consensus estimate of $7.48 billion. LyondellBasell Industries had a net margin of 13.57% and a return on equity of 64.02%. The business’s revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.80 EPS. Equities analysts forecast that LyondellBasell Industries will post $9.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Tuesday, November 29th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $3.40 dividend on an annualized basis and a yield of 3.92%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is presently 37.74%.

A number of analysts have recently issued reports on LYB shares. Tudor Pickering started coverage on LyondellBasell Industries in a research report on Thursday, October 13th. They set a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Wednesday, October 5th. Vetr upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $84.88 price target for the company in a research note on Monday, August 1st. Barclays PLC decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Finally, Susquehanna decreased their price target on LyondellBasell Industries from $100.00 to $96.00 and set a “positive” rating for the company in a research note on Friday, August 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.47.

In related news, Director Jagjeet S. Bindra sold 3,750 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Company Profile

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