LyondellBasell Industries N.V. $LYB Stock Holdings Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,484 shares of the specialty chemicals company’s stock after selling 656 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Allen Mooney & Barnes Investment Advisors LLC lifted its position in shares of LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock worth $14,456,000 after purchasing an additional 102,140 shares in the last quarter. M&T Bank Corp lifted its position in shares of LyondellBasell Industries by 1.1% in the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock worth $1,405,000 after purchasing an additional 209 shares in the last quarter. KLP Kapitalforvaltning AS increased its holdings in LyondellBasell Industries by 166.2% in the first quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company’s stock worth $16,743,000 after buying an additional 148,500 shares during the last quarter. Private Advisor Group LLC raised its position in LyondellBasell Industries by 44.3% during the first quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company’s stock valued at $1,019,000 after acquiring an additional 4,442 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in LyondellBasell Industries by 103.2% during the first quarter. NewEdge Advisors LLC now owns 44,265 shares of the specialty chemicals company’s stock valued at $3,116,000 after acquiring an additional 22,486 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the sale, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 1.6%

Shares of LYB stock opened at $47.58 on Monday. LyondellBasell Industries N.V. has a 12 month low of $44.87 and a 12 month high of $88.79. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $51.39 and its two-hundred day moving average is $55.88. The company has a market cap of $15.30 billion, a PE ratio of 61.79 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company’s revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.24 EPS. Equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 711.69%.

Analyst Ratings Changes

LYB has been the topic of several recent research reports. Citigroup cut their price objective on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Mizuho lowered their price objective on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, October 3rd. Royal Bank Of Canada reduced their target price on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, Bank Of America (Bofa) lowered their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.56.

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.