Amalgamated Bank Buys 7,622 Shares of LyondellBasell Industries (NYSE:LYB)

Amalgamated Bank boosted its stake in LyondellBasell Industries (NYSE:LYB) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,974 shares of the specialty chemicals company’s stock after acquiring an additional 7,622 shares during the period. Amalgamated Bank’s holdings in LyondellBasell Industries were worth $7,319,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. boosted its holdings in LyondellBasell Industries by 35.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares during the last quarter. Invesco Ltd. boosted its holdings in LyondellBasell Industries by 24.9% in the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after acquiring an additional 815,083 shares during the last quarter. FMR LLC boosted its holdings in LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after acquiring an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $67,160,000. Finally, Bank of Nova Scotia boosted its holdings in LyondellBasell Industries by 3,162.5% in the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock valued at $58,170,000 after acquiring an additional 595,431 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LYB opened at $99.12 on Friday. The firm’s fifty day moving average price is $101.07 and its two-hundred day moving average price is $96.71. The company has a market capitalization of $32.28 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69.

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

LyondellBasell Industries Dividend Announcement

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

Insider Activity

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. 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 in the last ninety days. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LYB. Wolfe Research began coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. Mizuho increased their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Citigroup increased their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada increased their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, BMO Capital Markets increased their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $104.75.

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.