LyondellBasell Industries (NYSE:LYB) Given New $51.00 Price Target at Royal Bank Of Canada

LyondellBasell Industries (NYSE:LYB) had its target price boosted by Royal Bank Of Canada from $49.00 to $51.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

LYB has been the topic of a number of other reports. KeyCorp reissued a “sector weight” rating on shares of LyondellBasell Industries in a research note on Monday. UBS Group cut their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research report on Tuesday, December 23rd. BMO Capital Markets restated an “underperform” rating and set a $36.00 price target (down from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Wells Fargo & Company lifted their price objective on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Citigroup boosted their price objective on LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $51.28.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $53.50 on Tuesday. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $78.96. The stock’s fifty day moving average is $46.72 and its two-hundred day moving average is $49.42. The company has a market capitalization of $17.22 billion, a P/E ratio of -22.96 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. Equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 10.2%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -235.19%.

Insider Buying and Selling

In related news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, with a total value of $246,593.16. Following the purchase, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital A Wealth Management LLC raised its holdings in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares in the last quarter. MTM Investment Management LLC acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the 2nd quarter worth $26,000. Hilltop National Bank purchased a new position in LyondellBasell Industries in the second quarter valued at $29,000. Finally, EMC Capital Management purchased a new position in LyondellBasell Industries in the second quarter valued at $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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.