Mutual of America Capital Management LLC Has $3.10 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Mutual of America Capital Management LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 3.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 32,440 shares of the specialty chemicals company’s stock after selling 1,120 shares during the period. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,103,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Heritage Wealth Advisors bought a new stake in LyondellBasell Industries in the 4th quarter worth about $27,000. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the 1st quarter valued at $27,000. Gold Investment Management Ltd. purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $28,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $28,000. Finally, Blue Trust Inc. boosted its holdings in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group decreased their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Trading Down 0.5 %

LYB stock opened at $93.60 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company’s 50 day moving average price is $96.19 and its two-hundred day moving average price is $97.94. The company has a market capitalization of $30.48 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. LyondellBasell Industries’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.44 EPS. As a group, analysts predict that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.73%. LyondellBasell Industries’s payout ratio is currently 82.84%.

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.