LyondellBasell Industries (NYSE:LYB) Given New $105.00 Price Target at BMO Capital Markets

LyondellBasell Industries (NYSE:LYB) had its target price lifted by BMO Capital Markets from $99.00 to $105.00 in a research note issued to investors on Tuesday morning, Benzinga reports. The firm currently has a market perform rating on the specialty chemicals company’s stock.

Other analysts have also issued research reports about the stock. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an outperform rating in a research report on Monday. Citigroup increased 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 increased their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an equal weight rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a buy rating to a hold rating and set a $105.00 price target on the stock. in a research report on Wednesday, January 10th. Finally, Vertical Research raised shares of LyondellBasell Industries from a hold rating to a buy rating in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $104.75.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $99.97 on Tuesday. The company’s 50 day moving average price is $101.02 and its two-hundred day moving average price is $96.63. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The firm has a market cap of $32.53 billion, a PE ratio of 15.45, a PEG ratio of 1.25 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

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

LyondellBasell Industries Announces Dividend

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

Insider Activity

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,853 shares of company stock valued at $8,077,267. Insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently modified their holdings of the company. PGGM Investments increased its position in shares of LyondellBasell Industries by 6.9% during the fourth quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock worth $1,299,000 after buying an additional 879 shares during the period. International Assets Investment Management LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth $14,000,000. Invesco Ltd. grew its holdings in LyondellBasell Industries by 24.9% in the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after purchasing an additional 815,083 shares during the period. Arvest Investments Inc. acquired a new stake in LyondellBasell Industries in the fourth quarter worth $2,001,000. Finally, Oak Thistle LLC acquired a new stake in LyondellBasell Industries in the fourth quarter worth $1,426,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.