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

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

Other research analysts have also issued reports about the stock. Vertical Research upgraded shares of LyondellBasell Industries from a hold rating to a buy rating in a research note on Wednesday, January 3rd. Mizuho raised their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the company a neutral rating in a report on Monday. Citigroup upped their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a neutral rating in a report on Wednesday, April 10th. Barclays raised their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an equal weight rating in a research note on Thursday, April 4th. Finally, Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $104.75.

LyondellBasell Industries Stock Up 0.3 %

Shares of LyondellBasell Industries stock traded up $0.34 during midday trading on Tuesday, reaching $99.12. 1,506,977 shares of the company’s stock traded hands, compared to its average volume of 1,925,721. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company’s 50 day simple moving average is $101.08 and its 200 day simple moving average is $96.67. The company has a market cap of $32.28 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the business earned $2.50 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Insider Transactions at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 value of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,853 shares of company stock worth $8,077,267. Insiders own 0.11% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of institutional investors have recently made changes to their positions in the business. Valley National Advisers Inc. acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $25,000. FSC Wealth Advisors LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at $26,000. McIlrath & Eck LLC increased its stake in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares during the last quarter. Finally, Heritage Wealth Advisors bought a new position in LyondellBasell Industries during the fourth quarter worth about $27,000. Institutional investors 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.