Capital Investment Advisors LLC Has $1.69 Million Position in LyondellBasell Industries N.V. $LYB

Capital Investment Advisors LLC lessened its position in LyondellBasell Industries N.V. (NYSE:LYB) by 16.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,119 shares of the specialty chemicals company’s stock after selling 7,641 shares during the period. Capital Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $1,694,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Parvin Asset Management LLC acquired a new position in LyondellBasell Industries in the second quarter valued at about $26,000. Capital A Wealth Management LLC increased its holdings in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 442 shares in the last quarter. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $29,000. Finally, United Community Bank boosted its holdings in shares of LyondellBasell Industries by 83.2% in the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 283 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 0.2%

Shares of LYB opened at $80.59 on Monday. The stock’s fifty day simple moving average is $60.73 and its 200-day simple moving average is $51.56. The firm has a market capitalization of $25.96 billion, a PE ratio of -34.59, a price-to-earnings-growth ratio of 0.46 and a beta of 0.64. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $81.26. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The firm had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.4%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -118.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America dropped their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Wells Fargo & Company raised their target price on LyondellBasell Industries from $48.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, March 13th. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $76.00 in a research report on Thursday, March 12th. Finally, Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $65.61.

About LyondellBasell Industries

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.