Mutual of America Capital Management LLC Sells 1,866 Shares of LyondellBasell Industries (NYSE:LYB)

Mutual of America Capital Management LLC cut its position in LyondellBasell Industries (NYSE:LYB) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,875 shares of the specialty chemicals company’s stock after selling 1,866 shares during the quarter. Mutual of America Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of LYB. Blair William & Co. IL raised its position in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after buying an additional 107 shares in the last quarter. Sei Investments Co. grew its holdings in LyondellBasell Industries by 26.2% in the 1st quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock worth $4,349,000 after acquiring an additional 8,596 shares during the last quarter. Prudential PLC bought a new stake in LyondellBasell Industries in the 1st quarter worth $731,000. Cetera Investment Advisers boosted its stake in shares of LyondellBasell Industries by 29.0% during the 1st quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock valued at $770,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its stake in shares of LyondellBasell Industries by 20.2% during the 1st quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock valued at $644,000 after purchasing an additional 1,053 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock valued at $8,077,267 over the last three months. 0.12% of the stock is owned by company insiders.

LyondellBasell Industries Stock Down 1.3 %

NYSE LYB opened at $99.15 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $100.12 and a two-hundred day moving average of $96.09. The firm has a market capitalization of $32.27 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share. On average, analysts predict that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Analyst Ratings Changes

LYB has been the topic of several research reports. Barclays boosted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Wednesday, January 10th. Wolfe Research started coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $103.82.

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.