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

LyondellBasell Industries N.V. (NYSE:LYB) has earned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.00.

LYB has been the topic of a number of research analyst reports. Argus lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Citigroup dropped their target price on LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Rothschild & Co Redburn cut their target price on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Mizuho upped their target price on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, Evercore ISI cut their target price on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $48.97 on Friday. The firm has a market capitalization of $15.75 billion, a P/E ratio of 63.60 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The stock’s 50-day simple moving average is $55.25 and its two-hundred day simple moving average is $59.07. LyondellBasell Industries has a twelve month low of $47.55 and a twelve month high of $97.60.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.LyondellBasell Industries’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.24 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.2%. LyondellBasell Industries’s dividend payout ratio is currently 711.69%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors have recently bought and sold shares of the stock. Rossby Financial LCC purchased a new stake in LyondellBasell Industries during the 1st quarter valued at about $25,000. JFS Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Investment Management Corp VA ADV boosted its holdings in LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 261 shares during the period. MTM Investment Management LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $26,000. Finally, Parvin Asset Management LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $26,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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.