Capital Investment Advisors LLC Sells 7,155 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Capital Investment Advisors LLC reduced its stake in LyondellBasell Industries by 11% by selling 7,155 shares, bringing its total holdings to 57,880 shares valued at approximately $3,349,000.
• CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell stock for $1,071,400, resulting in an 11.09% decrease in his ownership.
• LyondellBasell declared a quarterly dividend of $1.37 per share, contributing to an annualized dividend yield of 11.2% despite the company's notable debt-to-equity ratio of 0.94.

Capital Investment Advisors LLC cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,880 shares of the specialty chemicals company's stock after selling 7,155 shares during the period. Capital Investment Advisors LLC's holdings in LyondellBasell Industries were worth $3,349,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. boosted its stake in LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company's stock valued at $650,465,000 after buying an additional 657,443 shares in the last quarter. Invesco Ltd. boosted its stake in LyondellBasell Industries by 10.4% in the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock valued at $452,852,000 after buying an additional 606,234 shares in the last quarter. Federated Hermes Inc. boosted its stake in LyondellBasell Industries by 12.7% in the 1st quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company's stock valued at $333,994,000 after buying an additional 534,456 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in LyondellBasell Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company's stock valued at $316,113,000 after buying an additional 509,996 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in LyondellBasell Industries by 15.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,105,317 shares of the specialty chemicals company's stock valued at $289,014,000 after buying an additional 557,397 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer directly owned 160,351 shares of the company's stock, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Down 0.2%

LYB stock opened at $49.00 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The stock has a market capitalization of $15.76 billion, a P/E ratio of 63.64 and a beta of 0.85. The business has a 50-day moving average of $54.37 and a 200-day moving average of $58.47. LyondellBasell Industries N.V. has a fifty-two week low of $47.55 and a fifty-two week high of $96.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the company earned $2.24 earnings per share. The firm's quarterly revenue was down 11.8% on a year-over-year basis. On average, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.2%. LyondellBasell Industries's dividend payout ratio is 711.69%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent analyst reports. Citigroup decreased their price target on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Evercore ISI reduced their price objective on LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Mizuho boosted their price objective on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, BMO Capital Markets reduced their price objective on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $64.00.

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.

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