Amalgamated Bank Acquires 745 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Amalgamated Bank grew its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 1.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 50,802 shares of the specialty chemicals company’s stock after purchasing an additional 745 shares during the period. Amalgamated Bank’s holdings in LyondellBasell Industries were worth $3,576,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LYB. Ensign Peak Advisors Inc increased its holdings in shares of LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company’s stock worth $167,448,000 after purchasing an additional 1,522,043 shares in the last quarter. Amundi lifted its position in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock valued at $283,452,000 after purchasing an additional 1,260,913 shares in the last quarter. Norges Bank bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $81,015,000. Raymond James Financial Inc. purchased a new stake in LyondellBasell Industries in the 4th quarter worth approximately $69,115,000. Finally, Dodge & Cox raised its stake in LyondellBasell Industries by 5.3% during the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company’s stock worth $1,260,052,000 after acquiring an additional 851,365 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 0.9%

Shares of LYB opened at $62.00 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.83 and a quick ratio of 1.04. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 2.67 and a beta of 0.82. LyondellBasell Industries N.V. has a 1 year low of $51.11 and a 1 year high of $100.46. The business’s 50 day simple moving average is $58.27 and its 200-day simple moving average is $67.00.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The business had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.69 billion. During the same period in the previous year, the company earned $1.53 EPS. LyondellBasell Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $1.37 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.84%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 169.14%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LYB. Fermium Researc upgraded shares of LyondellBasell Industries to a “strong-buy” rating in a research report on Friday, April 25th. The Goldman Sachs Group dropped their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. UBS Group restated a “sell” rating and issued a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Finally, Citigroup cut their target price on LyondellBasell Industries from $58.00 to $56.00 in a research report on Wednesday, June 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $68.31.

LyondellBasell Industries 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.