Deutsche Bank AG Buys 285,356 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Deutsche Bank increased its LyondellBasell stake by 28.9% in the second quarter, purchasing 285,356 additional shares and bringing its holdings to 1.27 million shares valued at approximately $67 million. Institutional investors collectively own 71.2% of the company.
• LyondellBasell reported quarterly EPS of $4.30, exceeding analyst expectations of $3.44, while revenue rose 19.8% year over year to $9.18 billion. The stock opened at $68.23, up 3.3%.
• The company declared a quarterly dividend of $0.69 per share, equivalent to $2.76 annually and a 4.0% yield. Analyst sentiment remains mixed, with an average “Hold” rating and a consensus price target of $72.56.

Deutsche Bank AG boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 28.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,272,658 shares of the specialty chemicals company's stock after purchasing an additional 285,356 shares during the quarter. Deutsche Bank AG owned about 0.39% of LyondellBasell Industries worth $67,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC raised its position in shares of LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 390 shares in the last quarter. Quarry LP purchased a new position in LyondellBasell Industries in the third quarter worth $31,000. Fideuram Asset Management Ireland dac bought a new position in LyondellBasell Industries in the fourth quarter valued at $34,000. Kelleher Financial Advisors increased its stake in LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock valued at $35,000 after acquiring an additional 658 shares during the last quarter. Finally, Harbour Investments Inc. raised its position in LyondellBasell Industries by 74.7% during the fourth quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company's stock valued at $38,000 after purchasing an additional 378 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Up 3.3%

LYB opened at $68.23 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The business's 50-day moving average price is $59.53 and its 200-day moving average price is $65.11. The company has a market cap of $22.04 billion, a P/E ratio of -60.38, a P/E/G ratio of 0.18 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion during the quarter, compared to analysts' expectations of $9.21 billion. During the same period in the prior year, the business posted $0.62 EPS. LyondellBasell Industries's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities analysts expect that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.69 dividend. The ex-dividend date is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.0%. LyondellBasell Industries's payout ratio is presently -244.25%.

Wall Street Analyst Weigh In

LYB has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Monday, August 3rd. The Goldman Sachs Group boosted their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a "sell" rating in a research report on Monday, May 4th. Royal Bank Of Canada increased their price target on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of LyondellBasell Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 3rd. Finally, Zacks Research lowered shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $72.56.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company's integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.

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