DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $6.24 Million Position in LyondellBasell Industries (NYSE:LYB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main decreased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 74.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 84,040 shares of the specialty chemicals company's stock after selling 244,616 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in LyondellBasell Industries were worth $6,242,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Webster Bank N. A. grew its position in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $37,000. Covestor Ltd grew its position in LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after purchasing an additional 284 shares in the last quarter. Finally, Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. This represents a 30.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

LYB has been the topic of several research analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Barclays lowered their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. UBS Group restated a "sell" rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Finally, Citigroup lowered their price target on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $0.85 on Thursday, reaching $58.33. 1,236,421 shares of the stock were exchanged, compared to its average volume of 2,584,508. The stock has a market cap of $18.75 billion, a PE ratio of 14.09, a PEG ratio of 0.97 and a beta of 0.87. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $101.94. The firm has a fifty day moving average price of $62.93 and a two-hundred day moving average price of $72.96.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 9.19%. 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.