LyondellBasell Industries (NYSE:LYB) Shares Acquired by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 11.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 65,035 shares of the specialty chemicals company's stock after purchasing an additional 6,790 shares during the quarter. Capital Investment Advisors LLC's holdings in LyondellBasell Industries were worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after buying an additional 187,150 shares in the last quarter. Proficio Capital Partners LLC bought a new position in LyondellBasell Industries in the 4th quarter worth approximately $3,760,000. M&T Bank Corp grew its holdings in LyondellBasell Industries by 2.4% in the 4th quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company's stock worth $1,467,000 after buying an additional 461 shares in the last quarter. Allworth Financial LP grew its holdings in LyondellBasell Industries by 59.6% in the 4th quarter. Allworth Financial LP now owns 1,511 shares of the specialty chemicals company's stock worth $116,000 after buying an additional 564 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in LyondellBasell Industries by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 120,838 shares of the specialty chemicals company's stock worth $8,959,000 after buying an additional 1,403 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LYB shares. Citigroup decreased their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays decreased their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. BMO Capital Markets decreased their price target on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada decreased their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $56.63 on Monday. LyondellBasell Industries has a one year low of $51.11 and a one year high of $100.46. The stock has a fifty day moving average of $57.67 and a 200-day moving average of $69.49. The company has a market capitalization of $18.20 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.97 and a beta of 0.82. 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 data 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). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same quarter last year, the company posted $1.53 EPS. LyondellBasell Industries's revenue was down 7.6% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date is Monday, June 2nd. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio is 169.14%.

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.

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