LyondellBasell Industries (NYSE:LYB) Receives Average Rating of “Hold” from Analysts

LyondellBasell Industries (NYSE:LYBGet Free Report) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $105.08.

LYB has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Mizuho upped their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Wolfe Research began coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Finally, Barclays boosted their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th.

View Our Latest Research Report on LYB

Insider Transactions at LyondellBasell Industries

In related news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the sale, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total value 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 disclosure for this sale can be found here. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds have recently made changes to their positions in the stock. Valley National Advisers Inc. purchased a new stake in LyondellBasell Industries during the third quarter valued at about $25,000. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries during the 1st quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries in the third quarter valued at approximately $26,000. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter worth $28,000. Finally, McIlrath & Eck LLC lifted its holdings 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 valued at $27,000 after acquiring an additional 141 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $96.10 on Friday. The stock has a 50 day moving average price of $100.25 and a 200 day moving average price of $97.78. The stock has a market cap of $31.29 billion, a PE ratio of 14.85, a P/E/G ratio of 1.17 and a beta of 1.13. 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 $86.64 and a one year high of $107.02.

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

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, June 3rd will be given a dividend of $1.34 per share. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

About LyondellBasell Industries

(Get Free Report

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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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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