Capital Investment Advisors LLC Has $4.33 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Capital Investment Advisors LLC cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,245 shares of the specialty chemicals company’s stock after selling 2,828 shares during the period. Capital Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $4,326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. City Center Advisors LLC lifted its position in LyondellBasell Industries by 6.2% during the 4th quarter. City Center Advisors LLC now owns 5,637 shares of the specialty chemicals company’s stock valued at $419,000 after purchasing an additional 331 shares during the period. Matrix Trust Co raised its position in shares of LyondellBasell Industries by 926.0% in the 4th quarter. Matrix Trust Co now owns 3,232 shares of the specialty chemicals company’s stock valued at $240,000 after acquiring an additional 2,917 shares during the period. Czech National Bank raised its position in shares of LyondellBasell Industries by 6.3% in the 4th quarter. Czech National Bank now owns 56,331 shares of the specialty chemicals company’s stock valued at $4,184,000 after acquiring an additional 3,352 shares during the period. HBW Advisory Services LLC raised its position in shares of LyondellBasell Industries by 5.5% in the 4th quarter. HBW Advisory Services LLC now owns 26,761 shares of the specialty chemicals company’s stock valued at $1,988,000 after acquiring an additional 1,404 shares during the period. Finally, Ridgewood Investments LLC raised its position in shares of LyondellBasell Industries by 20.2% in the 4th quarter. Ridgewood Investments LLC now owns 16,503 shares of the specialty chemicals company’s stock valued at $1,226,000 after acquiring an additional 2,771 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on LYB shares. Mizuho cut their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Piper Sandler reiterated a “neutral” rating and issued a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Barclays lowered their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Price Performance

Shares of LYB opened at $75.09 on Tuesday. The stock has a market capitalization of $24.39 billion, a P/E ratio of 11.43, a P/E/G ratio of 2.13 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a 50 day moving average of $78.41 and a 200-day moving average of $88.89. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly 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). The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 earnings per share. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 7.14%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is presently 81.58%.

LyondellBasell Industries Profile

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.