LyondellBasell Industries (NYSE:LYB) PT Raised to $105.00 at Deutsche Bank Aktiengesellschaft

LyondellBasell Industries (NYSE:LYB) had its target price increased by Deutsche Bank Aktiengesellschaft from $100.00 to $105.00 in a report published on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the specialty chemicals company’s stock.

LYB has been the topic of several other reports. Vertical Research raised shares of LyondellBasell Industries from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Wells Fargo & Company lifted their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an outperform rating in a report on Monday, April 29th. Mizuho lifted their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a neutral rating in a report on Monday, April 29th. Finally, Barclays lifted their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an equal weight rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $104.75.

LyondellBasell Industries Trading Up 0.3 %

Shares of LyondellBasell Industries stock opened at $99.12 on Tuesday. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The company has a market capitalization of $32.28 billion, a P/E ratio of 15.32, a PEG ratio of 1.42 and a beta of 1.18. The company’s fifty day moving average is $101.08 and its two-hundred day moving average is $96.67.

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 the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the firm posted $2.50 EPS. LyondellBasell Industries’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

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

Insider Buying and Selling

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,853 shares of company stock valued at $8,077,267. Corporate insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. PGGM Investments raised its position in shares of LyondellBasell Industries by 6.9% in the fourth quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock valued at $1,299,000 after buying an additional 879 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $14,000,000. Invesco Ltd. raised its position in shares of 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 buying an additional 815,083 shares during the last quarter. Arvest Investments Inc. acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $2,001,000. Finally, Oak Thistle LLC acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $1,426,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

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.