LyondellBasell Industries (NYSE:LYB) Price Target Raised to $108.00 at Mizuho

LyondellBasell Industries (NYSE:LYB) had its price objective boosted by Mizuho from $98.00 to $108.00 in a report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

Several other research firms have also commented on LYB. Citigroup upped their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. Barclays upped their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an equal weight rating in a report on Thursday, April 4th. Royal Bank of Canada reaffirmed an outperform rating and issued a $107.00 price objective on shares of LyondellBasell Industries in a report on Monday, February 5th. Vertical Research raised shares of LyondellBasell Industries from a hold rating to a buy rating in a report on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a buy rating to a hold rating and set a $105.00 price objective for the company. in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $104.67.

LyondellBasell Industries Stock Down 0.4 %

LyondellBasell Industries stock opened at $101.70 on Monday. The company has a 50-day simple moving average of $100.95 and a 200-day simple moving average of $96.58. The firm has a market capitalization of $33.10 billion, a P/E ratio of 15.72, a P/E/G ratio of 1.25 and a beta of 1.19. 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 one year low of $84.80 and a one year high of $106.69.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.50 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction dated 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. In the last three months, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by insiders.

Institutional Trading of LyondellBasell Industries

Institutional investors and hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $14,000,000. Invesco Ltd. increased its holdings in shares of LyondellBasell Industries by 24.9% in the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after purchasing an additional 815,083 shares during the period. Arvest Investments Inc. acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $2,001,000. Oak Thistle LLC acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $1,426,000. Finally, Cerity Partners LLC increased its holdings in shares of LyondellBasell Industries by 390.4% in the 4th quarter. Cerity Partners LLC now owns 77,917 shares of the specialty chemicals company’s stock valued at $7,409,000 after purchasing an additional 62,030 shares during the period. Institutional investors and hedge funds 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.