Shares of LyondellBasell Industries (NYSE:LYB – Get Free Report) have been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $94.33.
LYB has been the subject of a number of analyst reports. Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Barclays decreased their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Morgan Stanley decreased their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th.
View Our Latest Stock Report on LYB
Insider Buying and Selling at LyondellBasell Industries
Institutional Trading of LyondellBasell Industries
Several hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC increased its holdings in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares in the last quarter. Webster Bank N. A. increased its stake in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Matrix Trust Co acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Rosenberg Matthew Hamilton lifted its stake in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 71.20% of the company’s stock.
LyondellBasell Industries Price Performance
NYSE:LYB opened at $77.35 on Friday. The company has a market capitalization of $25.12 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 5.12 and a beta of 1.06. The company has a 50-day moving average of $77.23 and a 200-day moving average of $88.05. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.
LyondellBasell Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.93%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.
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.
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