Deutsche Bank Aktiengesellschaft Increases LyondellBasell Industries (NYSE:LYB) Price Target to $105.00

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

Other equities analysts have also issued reports about the stock. BMO Capital Markets lifted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a market perform rating in a report on Tuesday. Citigroup boosted their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a neutral rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. boosted their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an overweight rating in a report on Friday, March 22nd. Wolfe Research started coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an underperform rating on the stock. Finally, Wells Fargo & Company boosted their price objective 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $104.75.

LyondellBasell Industries Price Performance

NYSE LYB opened at $99.12 on Tuesday. The firm’s fifty day simple moving average is $101.08 and its two-hundred day simple moving average is $96.67. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The firm has a market capitalization of $32.28 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.42 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the company earned $2.50 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYB. PGGM Investments raised its position in shares of LyondellBasell Industries by 6.9% during the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock worth $1,299,000 after purchasing an additional 879 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $14,000,000. Invesco Ltd. raised its position in shares of LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after purchasing an additional 815,083 shares during the last quarter. Arvest Investments Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $2,001,000. Finally, Oak Thistle LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $1,426,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

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.