Captrust Financial Advisors Sells 103,035 Shares of LyondellBasell Industries (NYSE:LYB)

Captrust Financial Advisors reduced its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 76.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,311 shares of the specialty chemicals company's stock after selling 103,035 shares during the quarter. Captrust Financial Advisors' holdings in LyondellBasell Industries were worth $2,400,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LYB. Dodge & Cox raised its holdings in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after purchasing an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. raised its stake in LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after buying an additional 558,137 shares during the period. Geode Capital Management LLC lifted its position in shares of LyondellBasell Industries by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after buying an additional 199,054 shares during the last quarter. Invesco Ltd. boosted its stake in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after acquiring an additional 694,055 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $0.73 during midday trading on Thursday, hitting $58.44. 3,317,534 shares of the company traded hands, compared to its average volume of 2,592,583. The firm's fifty day moving average price is $62.93 and its 200-day moving average price is $72.96. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $101.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The firm's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.53 earnings per share. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.17%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

Analyst Ratings Changes

A number of equities analysts have commented on LYB shares. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. BMO Capital Markets decreased their target price on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Finally, Citigroup dropped their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Company 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.