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

Capital City Trust Co. FL decreased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 4.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital World Investors grew its holdings in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after buying an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in LyondellBasell Industries in the 1st quarter valued at approximately $61,327,000. Pacer Advisors Inc. grew its holdings in LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in LyondellBasell Industries by 80.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after buying an additional 347,877 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at approximately $17,683,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the topic of a number of research analyst reports. Mizuho lowered their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada reduced their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Barclays reduced their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $82.65 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The company has a market capitalization of $26.84 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.31 and a beta of 1.08. LyondellBasell Industries has a one year low of $82.20 and a one year high of $107.02. The business has a 50 day simple moving average of $91.13 and a 200 day simple moving average of $94.87.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the business earned $2.46 EPS. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

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.