Deutsche Bank AG Trims Position in LyondellBasell Industries N.V. (NYSE:LYB)

Deutsche Bank AG decreased its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 12.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,272,327 shares of the specialty chemicals company's stock after selling 174,461 shares during the quarter. Deutsche Bank AG owned about 0.40% of LyondellBasell Industries worth $89,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. Bank Pictet & Cie Europe AG increased its position in shares of LyondellBasell Industries by 26.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock worth $14,013,000 after purchasing an additional 39,957 shares during the last quarter. Treasurer of the State of North Carolina grew its position in LyondellBasell Industries by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 114,486 shares of the specialty chemicals company's stock worth $8,503,000 after purchasing an additional 720 shares during the last quarter. Covestor Ltd lifted its stake in shares of LyondellBasell Industries by 107.6% in the 4th 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. Sterling Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 15,430 shares of the specialty chemicals company's stock worth $1,146,000 after acquiring an additional 5,504 shares during the period. Finally, Townsquare Capital LLC lifted its stake in shares of LyondellBasell Industries by 7.6% in the 4th quarter. Townsquare Capital LLC now owns 48,641 shares of the specialty chemicals company's stock worth $3,613,000 after acquiring an additional 3,448 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent research reports. Mizuho increased their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada dropped their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. UBS Group lowered their target price on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research note on Thursday, August 7th. Finally, Piper Sandler reduced their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $63.08.

LyondellBasell Industries Trading Up 0.9%

Shares of LyondellBasell Industries stock traded up $0.46 on Thursday, hitting $53.39. The stock had a trading volume of 3,500,654 shares, compared to its average volume of 3,912,502. The firm has a market capitalization of $17.17 billion, a P/E ratio of 69.33, a PEG ratio of 3.26 and a beta of 0.85. The stock has a 50 day moving average of $59.16 and a 200 day moving average of $63.88. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $99.36.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%. LyondellBasell Industries's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.24 earnings per share. Sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th will be paid a dividend of $1.37 per share. The ex-dividend date is Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 10.3%. LyondellBasell Industries's dividend payout ratio (DPR) is 711.69%.

About LyondellBasell Industries

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.