LyondellBasell Industries (NYSE:LYB) Shares Bought by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 731,782 shares of the specialty chemicals company’s stock after acquiring an additional 11,989 shares during the period. Epoch Investment Partners Inc. owned approximately 0.22% of LyondellBasell Industries worth $70,002,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in LYB. Chilton Capital Management LLC acquired a new position in LyondellBasell Industries during the 1st quarter worth about $27,000. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries during the first quarter worth about $28,000. Heritage Wealth Advisors purchased a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $27,000. Gold Investment Management Ltd. purchased a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $28,000. Finally, Blue Trust Inc. grew its holdings in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 2.1 %

Shares of NYSE:LYB opened at $94.04 on Monday. The firm has a 50 day simple moving average of $96.23 and a 200-day simple moving average of $97.98. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $30.62 billion, a PE ratio of 14.53, a P/E/G ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. LyondellBasell Industries’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts predict that LyondellBasell Industries will post 8 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.70%. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

Wall Street Analyst Weigh In

Several equities analysts have commented on LYB shares. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. UBS Group reduced their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $107.27.

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.