First National Trust Co. Sells 3,459 Shares of LyondellBasell Industries NV (LYB)

First National Trust Co. trimmed its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 12.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,698 shares of the specialty chemicals company’s stock after selling 3,459 shares during the quarter. First National Trust Co.’s holdings in LyondellBasell Industries NV were worth $2,347,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of LyondellBasell Industries NV by 11.6% during the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after purchasing an additional 2,327,350 shares in the last quarter. U S Global Investors Inc. increased its holdings in shares of LyondellBasell Industries NV by 40.0% during the 2nd quarter. U S Global Investors Inc. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after purchasing an additional 1,400 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of LyondellBasell Industries NV by 8.7% during the 2nd quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock valued at $5,912,000 after purchasing an additional 5,624 shares in the last quarter. Ray Gerald L & Associates Ltd. increased its holdings in shares of LyondellBasell Industries NV by 84.9% during the 2nd quarter. Ray Gerald L & Associates Ltd. now owns 4,900 shares of the specialty chemicals company’s stock valued at $414,000 after purchasing an additional 2,250 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of LyondellBasell Industries NV during the 2nd quarter valued at approximately $13,041,000. 74.58% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries NV (NYSE:LYB) traded up $0.07 during trading on Monday, hitting $104.26. 1,533,300 shares of the stock were exchanged, compared to its average volume of 2,621,614. LyondellBasell Industries NV has a fifty-two week low of $78.01 and a fifty-two week high of $107.83. The stock has a market capitalization of $40,930.00, a price-to-earnings ratio of 10.78, a price-to-earnings-growth ratio of 1.16 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.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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Several equities analysts have recently weighed in on LYB shares. Royal Bank Of Canada lifted their target price on shares of LyondellBasell Industries NV from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st. Cowen and Company lifted their target price on shares of LyondellBasell Industries NV from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, October 16th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $96.00 price target (up previously from $90.00) on shares of LyondellBasell Industries NV in a report on Saturday, September 30th. UBS AG boosted their price target on shares of LyondellBasell Industries NV from $96.00 to $102.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research lowered shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries NV has a consensus rating of “Hold” and an average price target of $99.56.

LyondellBasell Industries NV 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.

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

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