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

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have received an average rating of “Reduce” from the twenty-three research firms that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $51.1176.

Several brokerages have issued reports on LYB. Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Bank of America lowered their price objective on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a report on Wednesday, January 7th. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in LyondellBasell Industries in the 2nd quarter worth $280,000,000. Capital Research Global Investors boosted its holdings in shares of LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after purchasing an additional 4,770,260 shares during the period. Soundwatch Capital LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth about $268,123,000. AQR Capital Management LLC grew its stake in shares of LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 2.5%

Shares of NYSE LYB opened at $56.72 on Monday. The company’s 50 day moving average price is $49.55 and its 200-day moving average price is $49.19. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $78.41. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The company has a market capitalization of $18.26 billion, a P/E ratio of -24.34, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last announced 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 during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. Equities analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.9%. LyondellBasell Industries’s dividend payout ratio is -235.19%.

About LyondellBasell Industries

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.