DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $6.24 Million Position in LyondellBasell Industries (NYSE:LYB)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB) by 74.4% in the fourth quarter, Holdings Channel.com reports. The firm 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.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Diligent Investors LLC lifted its stake in shares of LyondellBasell Industries by 9.1% in the 4th quarter. Diligent Investors LLC now owns 4,679 shares of the specialty chemicals company’s stock valued at $348,000 after acquiring an additional 389 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at about $959,000. Chapman Financial Group LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $422,000. Baird Financial Group Inc. grew its holdings in shares of LyondellBasell Industries by 1.2% during the fourth quarter. Baird Financial Group Inc. now owns 29,356 shares of the specialty chemicals company’s stock worth $2,180,000 after purchasing an additional 334 shares during the last quarter. Finally, Bayesian Capital Management LP increased its stake in shares of LyondellBasell Industries by 157.1% in the fourth quarter. Bayesian Capital Management LP now owns 9,000 shares of the specialty chemicals company’s stock valued at $668,000 after buying an additional 5,500 shares during the period. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LYB. JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. BMO Capital Markets cut their target price on LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th. Barclays decreased their price target on 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. Finally, StockNews.com downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.75.

LyondellBasell Industries Stock Down 0.4 %

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 company has a market capitalization of $18.31 billion, a PE ratio of 13.76, a PEG ratio of 0.97 and a beta of 0.87. The firm’s fifty day moving average is $63.92 and its 200 day moving average is $73.55. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $102.44.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same period last year, the company earned $1.53 EPS. LyondellBasell Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.41%. LyondellBasell Industries’s dividend payout ratio is 165.43%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value 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. The trade was a 30.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

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.