LyondellBasell Industries (NYSE:LYB) Given New $75.00 Price Target at Deutsche Bank Aktiengesellschaft

LyondellBasell Industries (NYSE:LYB) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $52.00 to $75.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the specialty chemicals company’s stock.

LYB has been the topic of several other reports. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. UBS Group raised shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $73.00 in a research report on Wednesday. Royal Bank Of Canada raised LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $51.00 to $82.00 in a research report on Monday, March 9th. Jefferies Financial Group increased their price target on LyondellBasell Industries from $51.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, March 10th. Finally, Wells Fargo & Company boosted their price objective on LyondellBasell Industries from $48.00 to $70.00 and gave the company an “equal weight” rating in a report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $64.44.

LyondellBasell Industries Trading Down 0.7%

NYSE:LYB opened at $74.66 on Thursday. The firm has a market cap of $24.05 billion, a P/E ratio of -32.04, a P/E/G ratio of 0.64 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $77.36. The firm’s fifty day moving average is $57.59 and its 200-day moving average is $50.73.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The firm had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Equities analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.7%. LyondellBasell Industries’s dividend payout ratio is currently -118.45%.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the stock. Capital A Wealth Management LLC lifted its stake in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 442 shares during the last quarter. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries in the 2nd quarter valued at about $26,000. EMC Capital Management bought a new position in LyondellBasell Industries during the second quarter worth about $29,000. Vermillion & White Wealth Management Group LLC raised its position in shares of LyondellBasell Industries by 97.8% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 264 shares during the period. Finally, Stance Capital LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.