DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Sells 244,616 Shares of LyondellBasell Industries (NYSE:LYB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 74.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LYB. JPMorgan Chase & Co. increased its position in shares of LyondellBasell Industries by 3.7% in 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 acquiring an additional 187,150 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of LyondellBasell Industries by 202.4% during the 4th 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 last quarter. Sound Income Strategies LLC raised its stake in shares of LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after purchasing an additional 20,310 shares in the last quarter. Merrion Investment Management Co LLC acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $503,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of 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 buying an additional 3,958 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $56.98 on Friday. 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 stock has a market capitalization of $18.31 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $102.44. The company has a 50-day simple moving average of $63.92 and a two-hundred day simple moving average of $73.55.

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

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 9.41%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 165.43%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on LYB. Barclays cut their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets reduced their target price on LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. Finally, Citigroup dropped their price target on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Three research 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.75.

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.