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

Deutsche Bank AG raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 28.9% during the second quarter, Holdings Channel.com reports. The fund 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’s holdings in LyondellBasell Industries were worth $67,005,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Research Global Investors grew its stake in shares of LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC increased its holdings in LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after purchasing an additional 2,588,636 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. Morgan Stanley lifted its holdings in LyondellBasell Industries by 16.9% in the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after buying an additional 1,300,271 shares during the period. Finally, Norges Bank bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $52,210,000. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LYB shares. Alembic Global Advisors decreased their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Citigroup reduced their price objective on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Bank of America decreased their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating for the company in a report on Tuesday, June 30th. Finally, Zacks Research cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $72.56.

LyondellBasell Industries Stock Up 3.3%

Shares of NYSE:LYB opened at $68.23 on Friday. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The stock has a 50 day moving average price of $59.53 and a 200-day moving average price of $65.11. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly 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. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries N.V. will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company 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 dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.0%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -244.25%.

About LyondellBasell Industries

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.