LyondellBasell Industries (NYSE:LYB) Shares Sold by Trustmark National Bank Trust Department

Trustmark National Bank Trust Department lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,663 shares of the specialty chemicals company’s stock after selling 567 shares during the quarter. Trustmark National Bank Trust Department’s holdings in LyondellBasell Industries were worth $543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LYB. Rockland Trust Co. grew its holdings in shares of LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after buying an additional 112 shares during the period. Petredis Investment Advisors LLC grew its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after buying an additional 116 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of LyondellBasell Industries by 0.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after buying an additional 120 shares during the period. RDA Financial Network grew its holdings in shares of LyondellBasell Industries by 3.9% in the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 122 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 122 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYB has been the topic of several research reports. Piper Sandler cut their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Finally, StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $82.86 on Friday. LyondellBasell Industries has a twelve month low of $81.45 and a twelve month high of $107.02. The company has a market cap of $26.91 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company’s 50 day moving average is $90.22 and its 200 day moving average is $94.47.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share 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 business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. LyondellBasell Industries’s revenue for the quarter 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 year.

About LyondellBasell Industries

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.