Epoch Investment Partners Inc. Has $69.87 Million Stake in LyondellBasell Industries (NYSE:LYB)

Epoch Investment Partners Inc. grew its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 940,688 shares of the specialty chemicals company's stock after purchasing an additional 38,278 shares during the period. Epoch Investment Partners Inc. owned approximately 0.29% of LyondellBasell Industries worth $69,865,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. increased its stake in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in LyondellBasell Industries during the fourth quarter valued at $37,000. Covestor Ltd raised its stake in LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 284 shares during the period. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $59,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $0.37 during trading hours on Wednesday, hitting $57.77. 3,627,278 shares of the stock were exchanged, compared to its average volume of 2,474,439. The business's 50-day moving average is $68.79 and its two-hundred day moving average is $76.57. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02. The stock has a market capitalization of $18.65 billion, a P/E ratio of 13.95, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the business posted $1.26 EPS. Equities research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.28%. LyondellBasell Industries's payout ratio is 129.47%.

Analysts Set New Price Targets

Several equities research analysts have commented on LYB shares. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Citigroup dropped their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Barclays cut their price target on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Finally, Piper Sandler lowered their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $76.50.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by company insiders.

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.