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

Capital Investment Advisors LLC decreased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 19.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 quarter.

Other large investors have also recently bought and sold shares of the company. MTM Investment Management LLC bought a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at about $26,000. Parvin Asset Management LLC bought a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $26,000. Capital A Wealth Management LLC grew its position in shares of LyondellBasell Industries by 6,314.3% during the 2nd 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 during the period. Hilltop National Bank bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at $29,000. Finally, EMC Capital Management acquired a new position in shares of LyondellBasell Industries during the 2nd quarter valued at $29,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $48.70 on Friday. The business’s 50 day simple moving average is $44.55 and its 200 day simple moving average is $50.91. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $79.39. 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 current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period last year, the company earned $1.88 earnings per share. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid 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%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYB. Fermium Researc lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group cut their price objective on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Bank of America cut their price target on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $53.33.

Insider Activity

In other news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.