Capital Investment Advisors LLC Sells 7,641 Shares of LyondellBasell Industries N.V. $LYB

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

Other institutional investors have also recently bought and sold shares of the company. Hosking Partners LLP grew its holdings in shares of LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after buying an additional 148,673 shares during the period. Capital World Investors increased its position in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after buying an additional 1,135,258 shares in the last quarter. Norges Bank acquired a new stake in LyondellBasell Industries during the 2nd quarter worth $280,000,000. Wealthedge Investment Advisors LLC bought a new position in LyondellBasell Industries during the second quarter worth about $2,192,000. Finally, American Century Companies Inc. grew its stake in LyondellBasell Industries by 33.7% in the second quarter. American Century Companies Inc. now owns 595,229 shares of the specialty chemicals company’s stock valued at $34,440,000 after acquiring an additional 149,897 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group increased their price target on LyondellBasell Industries from $51.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, March 10th. BMO Capital Markets upgraded LyondellBasell Industries from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $38.00 to $68.00 in a research report on Thursday, March 5th. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $65.61.

LyondellBasell Industries Trading Up 0.2%

NYSE LYB opened at $80.59 on Monday. LyondellBasell Industries N.V. has a 52 week low of $41.58 and a 52 week high of $81.26. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The stock’s 50 day moving average price is $60.73 and its two-hundred day moving average price is $51.56. The stock has a market capitalization of $25.96 billion, a price-to-earnings ratio of -34.59, a PEG ratio of 0.46 and a beta of 0.64.

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

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given 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 -118.45%.

Insiders Place Their Bets

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 value of $26,199,255.24. Following the sale, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Company 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.