Argent Trust Co Sells 2,395 Shares of LyondellBasell Industries NV (LYB)

Argent Trust Co trimmed its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 54.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,042 shares of the specialty chemicals company’s stock after selling 2,395 shares during the quarter. Argent Trust Co’s holdings in LyondellBasell Industries were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LYB. Glenview Trust Co lifted its holdings in shares of LyondellBasell Industries by 0.4% in the 2nd quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock valued at $1,186,000 after buying an additional 50 shares during the period. Kingfisher Capital LLC lifted its holdings in shares of LyondellBasell Industries by 0.5% in the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock valued at $1,410,000 after buying an additional 75 shares during the period. Advisory Services Network LLC lifted its holdings in shares of LyondellBasell Industries by 0.4% in the 2nd quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock valued at $1,622,000 after buying an additional 81 shares during the period. Nippon Life Insurance Co. lifted its holdings in shares of LyondellBasell Industries by 0.6% in the 2nd quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock valued at $1,356,000 after buying an additional 88 shares during the period. Finally, Financial Counselors Inc. lifted its holdings in shares of LyondellBasell Industries by 2.5% in the 2nd quarter. Financial Counselors Inc. now owns 3,865 shares of the specialty chemicals company’s stock valued at $326,000 after buying an additional 94 shares during the period. 74.29% of the stock is owned by institutional investors.

LyondellBasell Industries NV (NYSE:LYB) traded up $0.61 during trading on Tuesday, reaching $103.81. The company’s stock had a trading volume of 2,143,700 shares, compared to its average volume of 2,570,675. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $41,063.32, a P/E ratio of 10.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $107.83.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.47%. The ex-dividend date is Monday, December 4th. LyondellBasell Industries’s payout ratio is 38.59%.

Several research firms have recently commented on LYB. Cowen reissued a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a report on Wednesday, October 4th. Morgan Stanley set a $115.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research note on Wednesday, November 1st. Finally, Barclays raised their price objective on LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $100.47.

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

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About LyondellBasell Industries

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 (NYSE:LYB)

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