LyondellBasell Industries (NYSE:LYB) Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,446,788 shares of the specialty chemicals company's stock after purchasing an additional 401,412 shares during the period. Deutsche Bank AG owned about 0.45% of LyondellBasell Industries worth $107,453,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. boosted its position in LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 202.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock worth $964,000 after purchasing an additional 8,691 shares during the period. Sound Income Strategies LLC lifted its holdings in LyondellBasell Industries by 8.1% in the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after acquiring an additional 20,310 shares during the period. Merrion Investment Management Co LLC acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $503,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in LyondellBasell Industries by 26.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock valued at $1,409,000 after acquiring an additional 3,958 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of recent analyst reports. Barclays cut their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research report on Thursday, May 1st. StockNews.com cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada dropped their price target on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. Finally, Piper Sandler dropped their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $69.75.

LyondellBasell Industries Price Performance

NYSE LYB traded down $1.09 during mid-day trading on Wednesday, hitting $59.25. The stock had a trading volume of 3,985,656 shares, compared to its average volume of 2,589,683. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The company has a 50 day simple moving average of $63.30 and a 200 day simple moving average of $73.06. The company has a market cap of $19.04 billion, a price-to-earnings ratio of 14.31, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week high of $101.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 EPS. Equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's payout ratio is currently 165.43%.

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.