LyondellBasell Industries (NYSE:LYB) Shares Acquired by First Western Trust Bank

First Western Trust Bank lifted its holdings in LyondellBasell Industries (NYSE:LYB) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,401 shares of the specialty chemicals company’s stock after purchasing an additional 158 shares during the quarter. First Western Trust Bank’s holdings in LyondellBasell Industries were worth $246,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in shares of LyondellBasell Industries by 31.2% during the fourth quarter. Quent Capital LLC now owns 795 shares of the specialty chemicals company’s stock worth $76,000 after buying an additional 189 shares during the period. Fifth Third Bancorp lifted its position in LyondellBasell Industries by 2.3% during the 4th quarter. Fifth Third Bancorp now owns 27,569 shares of the specialty chemicals company’s stock worth $2,621,000 after acquiring an additional 615 shares during the period. apricus wealth LLC grew its stake in LyondellBasell Industries by 1.2% during the 4th quarter. apricus wealth LLC now owns 29,523 shares of the specialty chemicals company’s stock valued at $2,807,000 after purchasing an additional 345 shares during the last quarter. Fusion Capital LLC increased its holdings in shares of LyondellBasell Industries by 4.5% in the fourth quarter. Fusion Capital LLC now owns 51,616 shares of the specialty chemicals company’s stock valued at $4,908,000 after purchasing an additional 2,202 shares during the period. Finally, Oak Thistle LLC purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth about $1,426,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 1.3 %

Shares of LyondellBasell Industries stock traded down $1.32 during trading on Thursday, hitting $98.14. 1,642,360 shares of the stock were exchanged, compared to its average volume of 1,778,643. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The firm’s 50-day moving average price is $96.07 and its 200 day moving average price is $98.05. The stock has a market cap of $31.96 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 5.46%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. UBS Group lowered their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada increased their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Mizuho upped their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, BMO Capital Markets lifted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $105.17.

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.