LyondellBasell Industries N.V. (NYSE:LYB) Receives Average Recommendation of “Hold” from Analysts

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have been assigned a consensus recommendation of “Hold” from the twenty-three analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $64.4444.

Several research firms have issued reports on LYB. Fermium Researc upgraded LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Jefferies Financial Group lifted their price target on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, March 10th. Citigroup raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $49.00 to $76.00 in a report on Thursday, March 12th. Finally, UBS Group raised shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $42.00 to $73.00 in a report on Wednesday.

Insider Buying and Selling

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Parvin Asset Management LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $26,000. Capital A Wealth Management LLC boosted 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 worth $26,000 after purchasing an additional 442 shares during the period. Stance Capital LLC acquired a new position in LyondellBasell Industries in the third quarter worth $27,000. EMC Capital Management bought a new stake in LyondellBasell Industries during the second quarter valued at $29,000. Finally, Quent Capital LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $74.66 on Friday. The firm has a 50-day moving average of $57.59 and a two-hundred day moving average of $50.73. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The stock has a market cap of $24.05 billion, a P/E ratio of -32.04, a PEG ratio of 0.64 and a beta of 0.64. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $77.36.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate 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 positive return on equity of 4.93% and a negative net margin of 2.46%.The company’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. On average, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.7%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -118.45%.

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.