LyondellBasell Industries N.V. (NYSE:LYB) Receives Average Rating of “Reduce” from Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have been assigned a consensus rating of “Reduce” from the twenty-three brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $52.4211.

Several equities analysts recently commented on LYB shares. UBS Group cut their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research report on Tuesday, December 23rd. Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, BMO Capital Markets reiterated an “underperform” rating and issued a $36.00 price target (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th.

Insider Buying and Selling

In other news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can increased its stake in LyondellBasell Industries by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock worth $37,681,000 after buying an additional 15,264 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after acquiring an additional 16,234 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in LyondellBasell Industries by 375.1% in the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after buying an additional 14,217 shares during the last quarter. Hosking Partners LLP lifted its holdings in shares of LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock worth $29,208,000 after acquiring an additional 148,673 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of LyondellBasell Industries during the 2nd quarter worth approximately $280,000,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.0%

LYB stock opened at $50.42 on Thursday. The stock has a market capitalization of $16.23 billion, a price-to-earnings ratio of -13.45 and a beta of 0.70. The company has a 50-day moving average of $46.26 and a two-hundred day moving average of $49.85. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $79.10.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. LyondellBasell Industries’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 annualized dividend and a yield of 10.9%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.