Amalgamated Bank Reduces Stock Position in LyondellBasell Industries (NYSE:LYB)

Amalgamated Bank lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,116 shares of the specialty chemicals company’s stock after selling 1,183 shares during the period. Amalgamated Bank’s holdings in LyondellBasell Industries were worth $4,902,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockland Trust Co. increased its position in shares of LyondellBasell Industries by 0.9% during the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after acquiring an additional 112 shares in the last quarter. Petredis Investment Advisors LLC increased its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after purchasing an additional 116 shares in the last quarter. Verdence Capital Advisors LLC raised its stake in shares of LyondellBasell Industries by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock worth $1,330,000 after purchasing an additional 120 shares during the last quarter. RDA Financial Network lifted its holdings in shares of LyondellBasell Industries by 3.9% during the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 122 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of LyondellBasell Industries by 25.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 122 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $87.33 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a 50-day simple moving average of $92.81 and a two-hundred day simple moving average of $95.71. The firm has a market capitalization of $28.36 billion, a PE ratio of 13.29, a P/E/G ratio of 1.63 and a beta of 1.08. LyondellBasell Industries has a 52-week low of $83.36 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. Analysts forecast that LyondellBasell Industries will post 7.38 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 6.14%. LyondellBasell Industries’s payout ratio is 81.58%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Mizuho cut their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $100.56.

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.