Mutual of America Capital Management LLC Cuts Position in LyondellBasell Industries (NYSE:LYB)

Mutual of America Capital Management LLC reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,120 shares of the specialty chemicals company’s stock after selling 900 shares during the period. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC boosted its holdings in LyondellBasell Industries by 20.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 22,824 shares of the specialty chemicals company’s stock valued at $2,189,000 after acquiring an additional 3,900 shares during the period. Principal Financial Group Inc. boosted its stake in shares of LyondellBasell Industries by 6.3% in the third quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after purchasing an additional 18,311 shares during the period. Olympiad Research LP purchased a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $269,000. Portside Wealth Group LLC grew its holdings in shares of LyondellBasell Industries by 47.7% in the third quarter. Portside Wealth Group LLC now owns 7,840 shares of the specialty chemicals company’s stock valued at $752,000 after purchasing an additional 2,533 shares in the last quarter. Finally, Trinity Legacy Partners LLC increased its stake in LyondellBasell Industries by 10.1% during the 3rd quarter. Trinity Legacy Partners LLC now owns 39,854 shares of the specialty chemicals company’s stock worth $3,724,000 after buying an additional 3,658 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 2.1 %

Shares of NYSE:LYB opened at $77.53 on Friday. The firm has a 50 day simple moving average of $76.04 and a 200-day simple moving average of $83.78. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $25.08 billion, a PE ratio of 18.73, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the company posted $1.26 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 6.91%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on LYB. The Goldman Sachs Group dropped their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Royal Bank of Canada boosted their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Piper Sandler reduced their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Barclays cut their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $88.25.

About LyondellBasell Industries

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.