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

Mutual of America Capital Management LLC decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 13.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,560 shares of the specialty chemicals company’s stock after selling 5,315 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,433,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its position in LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 141 shares during the last quarter. Heritage Wealth Advisors acquired a new position in LyondellBasell Industries in the fourth quarter worth approximately $27,000. Gold Investment Management Ltd. acquired a new position in LyondellBasell Industries in the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC boosted its stake in LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 242 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LYB opened at $94.16 on Friday. The company has a market cap of $30.66 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.09. The stock has a 50-day moving average of $97.03 and a 200-day moving average of $97.90. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the firm earned $2.50 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts forecast that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is currently 82.84%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LYB shares. Barclays increased their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. Citigroup lifted their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. UBS Group lowered their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday. BMO Capital Markets boosted their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Finally, Mizuho boosted their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.77.

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.