LyondellBasell Industries (NYSE:LYB) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,020 shares of the specialty chemicals company’s stock after selling 420 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,071,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rockland Trust Co. lifted its position in LyondellBasell Industries by 0.9% during the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after acquiring an additional 112 shares during the period. Petredis Investment Advisors LLC increased its stake in LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after buying an additional 116 shares during the period. Verdence Capital Advisors LLC raised its position in LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock worth $1,330,000 after buying an additional 120 shares during the last quarter. RDA Financial Network boosted its holdings in shares of LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after acquiring an additional 122 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of LyondellBasell Industries by 25.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 122 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.3 %

Shares of LYB opened at $83.88 on Friday. LyondellBasell Industries has a 1-year low of $81.45 and a 1-year high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The firm has a 50 day simple moving average of $90.03 and a 200-day simple moving average of $94.36. The stock has a market cap of $27.24 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $2.46 earnings per share. Equities analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.39%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LYB shares. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday. Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Mizuho decreased their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Finally, Piper Sandler cut their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $101.70.

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.