Capital Investment Advisors LLC Has $2.29 Million Position in LyondellBasell Industries N.V. $LYB

Capital Investment Advisors LLC cut its position in LyondellBasell Industries N.V. (NYSE:LYB) by 19.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,760 shares of the specialty chemicals company’s stock after selling 11,120 shares during the period. Capital Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $2,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MTM Investment Management LLC acquired a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $26,000. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $26,000. Capital A Wealth Management LLC boosted its stake in LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares during the period. Hilltop National Bank bought a new position in LyondellBasell Industries during the 2nd quarter worth about $29,000. Finally, EMC Capital Management acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at about $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LYB shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Rothschild & Co Redburn reduced their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Jefferies Financial Group decreased their price target on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, December 8th. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, UBS Group decreased their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research report on Tuesday, December 23rd. Two research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Reduce” and an average price target of $53.33.

LyondellBasell Industries Stock Up 2.2%

NYSE LYB opened at $48.70 on Friday. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The company has a market cap of $15.67 billion, a price-to-earnings ratio of -12.99 and a beta of 0.70. The company has a 50 day moving average of $44.55 and a 200-day moving average of $50.91. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $79.39.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 EPS. On average, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were issued a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is -146.13%.

Insider Activity

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of LyondellBasell Industries stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. This trade represents a 9.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.