LyondellBasell Industries N.V. (NYSE:LYB) Given Average Rating of “Hold” by Analysts

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have earned an average recommendation of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $69.75.

LYB has been the subject of several research reports. The Goldman Sachs Group cut their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating for the company in a research report on Monday, April 28th. BMO Capital Markets cut their price objective on LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th. Royal Bank Of Canada reduced their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Barclays dropped their target price on LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Finally, Piper Sandler reduced their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st.

Institutional Trading of LyondellBasell Industries

A number of institutional investors have recently modified their holdings of LYB. Asset Management One Co. Ltd. lifted its holdings in LyondellBasell Industries by 1.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 120,838 shares of the specialty chemicals company’s stock worth $8,959,000 after buying an additional 1,403 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of LyondellBasell Industries by 132.7% during the fourth quarter. Vontobel Holding Ltd. now owns 11,450 shares of the specialty chemicals company’s stock valued at $850,000 after acquiring an additional 6,529 shares in the last quarter. Blue Trust Inc. lifted its stake in LyondellBasell Industries by 22.5% in the fourth quarter. Blue Trust Inc. now owns 1,724 shares of the specialty chemicals company’s stock worth $128,000 after acquiring an additional 317 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in LyondellBasell Industries by 26.9% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company’s stock valued at $14,013,000 after acquiring an additional 39,957 shares in the last quarter. Finally, Principal Securities Inc. increased its position in LyondellBasell Industries by 14.5% during the 4th quarter. Principal Securities Inc. now owns 6,545 shares of the specialty chemicals company’s stock valued at $486,000 after purchasing an additional 829 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $59.60 on Wednesday. The stock’s 50-day simple moving average is $57.81 and its two-hundred day simple moving average is $68.46. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.46. The firm has a market capitalization of $19.16 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.28 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The company had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.69 billion. During the same period in the prior year, the business earned $1.53 earnings per share. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date was Monday, June 2nd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio (DPR) is 169.14%.

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.